The First District Court of Appeal in the state capitol today agreed to fore go its review of a state judge’s decision to strip from the ballot the plan that would eliminate most school property taxes, sending the case to the Supreme Court. The seven-justice body must agree to accept the case and hear arguments.
Last week, Circuit Judge John Cooper threw Amendment 5 off the Nov. 4 ballot, ruling that the summary prepared for voters was misleading about the potential effect the amendment could have on school funding.
Amendment 5 would cut Floridians’ property tax bills by one-quarter starting in 2010. To make up for the lost revenue, legislators would have to boost the state’s 6-cent sales tax by a penny and raise billions more in revenues by closing sales tax exemptions and cutting services.
Source: Sun Sentinel.com
Posted: August 19, 2008
The Mizner Country Club – Real Estate News
click on this link: https://MiznerCountryClub-RealEstateNews.blogspot.com
Note: If you are currently subscribed to our Luxury Resort Portfolio Blog you are NOT subscribed to the Mizner Country Club – Real Estate News Blog. Please click on the link today and subscribe to receive all the latest updates of real estate transactions happening at Mizner Country Club. Thank you for all your continued encouragement and support!!!
All information is derived from the Palm Beach County Property Appraisers website and the MLS.