Oviedo Discusses Impact of Florida Property Tax Reform on City Budget

Mayor Megan Sladek addressed the potential effects of Florida's proposed Amendment 3, a property tax plan that would introduce a new homestead exemption for non-school taxes across the state. Sladek noted that if Amendment 3 passes, homeowners would save money on taxes. However, critics warn the plan could significantly impact local governments, potentially requiring Oviedo to cut staff if the amendment reaches a 60 percent approval threshold.

The tax reform proposal could force Oviedo to either cut up to 50 percent of its budget or introduce new fees and taxes to maintain current service levels. Sladek stated that meeting the approval threshold could necessitate cutting approximately 71 employees from the city's current staff of 320.