ORLANDO, Fla. — Leaders of local governments across Central Florida are weighing service cuts before Amendment 3 takes effect.
State economists estimate the property tax measure will cost local governments billions of dollars in revenue statewide over the coming years. The amendment increase the homestead exemption from about $50,000 to $150,000 in 2027 and $250,000 in 2028.
Orlando will lose about $30 million in property tax revenue for fiscal year 2027 and $50 million in 2028, city leaders said…