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DeSantis Pushes Historic Tax Cut

DeSantis Pushes Historic Tax Cut

Published 1 week, 3 days ago
Description

Governor Ron DeSantis is pushing a bold property tax overhaul that could slash or eliminate taxes for 60% of Florida homeowners by boosting the homestead exemption to $250,000, with a special legislative session next week as a deadline. While supporters tout it as making homeownership more affordable, critics warn it could drain billions from local budgets, threatening schools, police, and fire services. DeSantis also proposes capping commercial tax hikes at 5% and requiring new residents to wait five years for full benefits, while hinting at state grants to cushion local impacts. The plan still needs 60% voter approval in November — and faces resistance from the Florida House — making this a high-stakes political showdown ahead of next year’s elections.

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