July 23, 2008 – 1:07 p.m.
The Houston Chronicle reports that Rep.
The Miami Herald reports that a lively debate is under way in Florida over a proposed ballot proposition that would amend the state constitution to replace some property taxes with sales taxes and other revenues. Opponents say Amendment 5 would jeopardize vital programs and substitute other taxes for the property tax; supporters say it would bring much-needed property tax relief. “The proposed amendment would eliminate all property taxes that pay for schools and provide Florida property owners a tax cut of about 25 to 40 percent, depending on where they live. The Legislature would be required to protect schools from budget cuts and replace the lost revenue with a minimum one-cent increase in the state’s six-cent sales tax, plus budget cuts and a menu of undetermined other taxes.”


