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The Buzz

From the staff of the Tampa Bay Times

Officially delayed, but some tax detail revealed

Senate President Ken Pruitt just released a statement: "We are working hard to provide you with the final details on the property tax relief and reform plan.  We believe the information will be ready for distribution at approximately 5:00 p.m. today."

But some detail has already leaked out. Sen. Daniel Webster revealed the outline during a meeting this afternoon with an editorial board member of the Orlando Sentinel. The interview was taped for a Sunday television program.

The five-year package is worth $30-billion, according to the Sentinel blog, and cities and counties will have to cut from 3 to 9 percent of their tax collections under a rollback this year. The super homestead exemption would give a 75 percent exemption off the first $200,000 of value. Both components are worth $15-billion each. Webster calculated overall homeowner savings at about 10 percent.

Buzz is hearing that the numbers may not be entirely correct, so watch for the 5 p.m. announcement.

[Last modified: Wednesday, September 15, 2010 3:27pm]

    

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