Realtors Put Another $2.9 Million Into Ballot Measure

By on October 18, 2018 in News Service of Florida

Tallahassee, FL – The industry group Florida Realtors last week contributed another $2.9 million to a campaign aimed at passing a property-tax proposal on the November ballot. The group as of Friday had sent an overall total of $9.56 million to a political committee known as Amendment 2 is for Everybody, according to information posted on the state Division of Elections website.

The political committee spent nearly $1.12 million from Oct. 6 through Friday, with most of the money going to advertising, and had about $2.3 million in remaining cash on hand.

The proposal, which will appear as Amendment 2 on the Nov. 6 ballot, would extend a property-tax cap for commercial and other non-homestead properties. Voters in 2008 approved a constitutional change that placed a 10 percent cap on annual increases in assessed values of non-homestead properties.

The limit will expire Jan. 1 unless it is extended by voters through this year’s measure, which was placed on the ballot by the Legislature.

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