If voters approve the property tax cut on the November ballot, cities, counties and special taxing districts will lose nearly $5 billion the first year, and nearly $12 billion in the fifth year, according to projections developed by state economists Friday. Homestead owners will be the initial bene ficiaries of the amendment, but non-homestead owners, including […] The post Local governments would lose $5B in first year if Florida’s property tax amendment passes appeared first on Orlando Weekly. ...read more read less