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News in English (USA) / 05.11.2026 / 08:00

Florida Approves Amendment 3, Leading to Major Property Tax Cuts and Local Budget Concerns

In a significant move, Florida voters approved Amendment 3, which promises substantial property tax relief for homeowners. With 62% in favor, this amendment marks a decisive victory for those advocating for lower property taxes. Governor Ron DeSantis plans a special session to further enact these changes before the end of his term. However, local governments are bracing for funding losses, as communities like Lee County could see budget impacts exceeding $88 million. While many homeowners are set to benefit from reduced tax bills, concerns arise over the potential cuts to essential services and the ability of municipalities to maintain current levels of service. As the state prepares for implementation, local leaders ponder the tough choices ahead in balancing budgets amidst these significant changes.
NBC 6 South Florida, Yahoo Finance, CBS News, News4JAX, The Globe and Mail, Axios, WESH, WEAR-TV, Orlando Sentinel, Bloomberg.com