Florida Constitutional Amendment 5
“Replacing state required school property taxes with state revenues generating an equivalent hold harmless amount for schools through one or more of the following options: repealing sales tax exemptions not specifically excluded; increasing sales tax rate up to one percentage point; spending reductions; other revenue options created by the legislature. Limiting subject matter of laws granting future exemptions. Limiting annual increases in assessment of non-homestead real property. Lowering property tax millage rate for schools.”
Find the full text version in PDF format here.
It seems like the state would replace local school property taxes with an increase in the state sales tax, and/or making other things taxable, and/or spending reductions. This seems to be a very big and complicated change that seems to take the responsibility of funding schools from the local government, and makes local schools more dependent on the state. Please feel free to weigh in on this one.
