Florida to vote on property-tax cut in November

TALLAHASSEE - -Florida voters will get a chance in November to cut their property-tax bill by 25 percent or more -- by eliminating $9.6 billion now collected to help finance public schools.

And to ensure the schools don't lose money, voters would also require the Legislature to raise the sales tax, eliminate some sales-tax exemptions and/or drastically slash other state spending.

The tax-cut proposal -- a sweeping change that far surpasses the Amendment 1 approved just last fall -- was approved 21-4 Monday by the nonpartisan Taxation and Budget Reform Commission, which meets every 20 years.

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