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.