ST. JOHNS COUNTY, Fla. – St. Johns County is preparing for significant budget adjustments after Florida voters approved Amendment 3, a property tax reform measure that will reduce ad valorem tax revenue for local governments.
According to the Florida Office of Economic and Demographic Research, the county could see revenue reductions of $68.3 million in fiscal year 2028, $136.1 million in fiscal year 2029 and $191.6 million by fiscal year 2032.
Clay Murphy, chair of the St. Johns County Board of County Commissioners, acknowledged the challenge ahead while noting the county has been planning for this outcome since spring…