Overview
- Lawmakers voted to place a modified constitutional amendment on the November 3 ballot after a June special session, with the change advancing on a largely party-line vote.
- The approved text raises the homestead exemption to $150,000 in 2027 and $250,000 in 2028 and explicitly excludes school district levies from the cuts.
- Legislators removed the governor’s proposed state assistance fund and cut the near-term local revenue estimate from about $8.4 billion to roughly $3.6 billion for fiscal years 2027–2028.
- Counties and districts warn of steep local losses if voters approve the amendment, with Miami-Dade projecting roughly $386 million in 2027 and $697 million in 2028, and school systems forecasting hundreds of millions in gaps to staffing and programs.
- The measure needs at least 60% voter approval to join the state constitution, the administration has published an online savings calculator for homeowners, and officials warn the plan could shift costs to commercial owners, renters, or other local revenue sources if replacements are not secured.