“There is no plan for how this lost revenue will be offset.”
Even though Florida’s legislative session does not officially begin for another week, lawmakers have already filed eight property tax reform proposals. St. Petersburg officials are preparing for the possible impact.
City Council Chair Lissette Hanewicz outlined the process and a potential $83 million revenue loss in a Dec. 10 letter to residents. The next day, she and fellow council members approved Councilmember Mike Harting’s request to conduct a “budget stress test” tied to the proposals…