STUDY: Cap on Government Growth would have Delivered $3.6 Billion Each Year in Property Tax Relief Over Decade

PONTE VEDRA BEACH – Had an effective cap on state and local government growth been enacted in 1995-96, an average of nearly $3.6 billion in property tax relief each year would have been delivered to Florida taxpayers. That number translates into an average of $569 in property tax relief delivered per Floridian during the 2005-06 tax year. That’s the conclusion of a study conducted by Americans for Prosperity (AFP) and the James Madison Institute, which comes on the heels of approval by a state tax committee of a cap on state and local government spending and revenue growth.

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