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This year, affordable housing efforts will get only $2 million, with the remainder being reallocated towards reduced property taxes, sidewalk repairs, and other investments.
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County leaders are refusing to place the school district's property tax question on the November ballot even after a judge's ruling telling them to comply. The district says it will fight back.
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The referendum would have asked county voters to levy an additional one mill on property taxes to increase pay for teachers and school staffers.
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School advocates are hopeful a property tax referendum will pass after a similar proposal failed in 2022. But some officials point out that having two tax measures on the ballot are asking voters for too much.
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They include the abortion and recreational marijuana initiatives the Florida Supreme Court signed off on, along with partisan school board elections.
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The one millage property tax would cost the average homeowner about $1 a day, and close a wage gap that Superintendent Van Ayres said is causing employees to leave the district.
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A House committee has approved a bill that would order a study to determine how much money would have to be made up if property taxes are abolished.
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Last school year, the county received $60 million in local property tax revenue. About 80% of that went toward increasing teacher pay.
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The Hillsborough County School Board delayed a vote on a tax referendum that would raise money for teacher salaries.
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One million Florida properties are projected to be underwater. Today, those properties fund nearly 30% of local revenues for more than half the state's municipalities.
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After previously voting down a property tax rate increase, city council members discussed Tuesday how to continue funding crucial city services through spending cuts and budget reallocations.
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Here's how property taxes this year could impact your mortgage and what you can do about it.