Citrus County Voters Consider Amendments Affecting Florida Tax and Budget

Voters in Citrus County are deciding on several constitutional amendments, including three proposals for the November ballot. Amendment 1 would raise the Budget Stabilization Fund cap from 10 percent to 25 percent of the previous year’s general revenue. Amendment 2 would exempt certain equipment and tangible property used in agriculture and agritourism from property taxes. Amendment 3 would increase the homestead exemption for non-school property taxes and cut the annual cap on increases in the assessed value of non-homestead properties from 10 percent to 5 percent.

The proposed amendments would materially change state tax law and the state's budget structure. Amendment 2, specifically, could provide tax savings for qualifying farms and agritourism businesses in Florida.

Florida political races are heating up with Angie Nixon challenging Ashley Moody, and new candidates running in various House and Senate districts.