BEYOND THE NUMBERS
Another Flawed Proposal on the Florida Ballot
would lock a deeply flawed set of property tax changes into the state’s constitution, leading to tax increases for large numbers of Florida residents, a competitive disadvantage for new and emerging businesses, and significant cuts in local services — while producing little if any economic benefit.Proponents claim that Amendment 4 would boost Florida’s economy and fix key flaws in the property tax system. In reality, as our paper explains, the amendment would:
- Raise taxes on many established, year-round residents.
- Require local governments to make deep cuts in services.
- Harm Florida’s economy.
- Send millions of dollars in tax benefits out of state.
- Hurt new and expanding small businesses — important engines of job growth.