Amazingly, another tax cut proposal will be on the November ballot that could reduce property taxes up to 25% but increase sales taxes to offset the cuts. Local government agencies better start tightening their belts now! vj ======================================== from the Ft. Meyer News-Press at: http://www.news-press.com/apps/pbcs.dll/article?AID=/20080317/NEWS0120/80317038/1075 March 17, 2008 Property tax cut proposal to be in voters’ hands By Jim Ash news-press.com Tallahassee bureau TALLAHASSEE — Voters will decide in November whether they want to cut their property taxes by an average of 25 percent, and make up for the nearly $8 billion in lost government revenue with a penny sales tax increase and a combination of budget cuts and other state savings. The powerful Taxation and Budget Reform Commission voted 21-4 this afternoon to approve the measure by former Senate President John McKay over the objections of critics ranging from retailers to the Florida Catholic Conference, speaking on behalf of the poor. The vote was a personal victory for McKay, who was first rebuffed in the Legislature in 2003 and who has been pursuing it ever since. "The only opponents of this proposal are the special interests," McKay said. "The voters of Florida are going to make this decision. It's... Read more →
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