Tuesday, April 22, 2008

Rubio plan cuts property taxes for Florida cities, counties by $6.3 billion

A special panel of economic advisors calculated Monday that a plan backed by House Speaker Marco Rubio for limiting property taxes would cost cities, counties and other taxing districts about $6.3 billion.

That's a lot less than the $8 billion Rubio predicted last November when he threw his support behind a petition campaign for a constitutional amendment that would cap property taxes at 1.35 percent of value.

Florida Capital News

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