Florida Lawmakers Approve DeSantis' Property Tax Cut Plan, Excluding Schools
Florida lawmakers have passed a modified version of Governor Ron DeSantis' proposal to reduce property taxes, which now excludes local school districts from the plan. The Florida House and Senate approved joint resolutions that will allow voters to decide on the proposed tax cuts through a constitutional amendment in the upcoming November election. The resolutions passed with significant support in both chambers, with the House voting 75-26 and the Senate 30-9. If approved by voters, the plan could remove $13 billion from local government revenues over the first two years, fundamentally altering the financial relationship between counties and the state. The proposed amendment would increase the current homestead exemption from $50,000 to $150,000 in 2027, and to $250,000 in 2028, with further increases indexed to inflation.