Proposed Florida tax amendment sparks debate over municipal budgets
The amendment aims to reduce property taxes by raising the homestead exemption—the value of a home shielded from non-school taxes—from $50,000 to $250,000 over the next two years.
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The amendment aims to reduce property taxes by raising the homestead exemption—the value of a home shielded from non-school taxes—from $50,000 to $250,000 over the next two years.
Florida economists project a proposed property tax cut amendment would reduce local government revenues by $46 billion over five years.
The group is called Save Our Voters From Misleading Ballot Language and the two officials are Thomas Campenni, former Mayor of Stuart, and Michael Davey, former Mayor of Key Biscayne.
The specific language that will appear on the ballot is: "SAVE OUR HOMES FROM EXCESSIVE PROPERTY TAXES".
Hallandale Beach Mayor Joy Cooper is taking to social media, asking residents what services they believe the city should cut if a proposed homesteaded property tax elimination passes.
The proposal, which voters will decide in November, would increase the homestead exemption and reduce taxable home values.
The official bill calls for a $150,000 homestead exemption in 2027, followed by a $250,000 exemption in 2028. The legislature would then be tasked with creating a long-term plan for the following years.
The Senate voted 29-6 and the House 88-11 for the tax package, which is estimated to cut state and local revenue by $272.2 million, including $105 million in state general fund revenue in the next fiscal year.
While many applaud the proposal, cities are chiming in, wondering what will happen when they lose that income.
For CBS Miami sports producer Jorge Perez, the ordeal began with a letter from the Internal Revenue Service claiming he failed to file taxes for a company he says he has no connection to.
Francisco Marrero, 79, is facing multiple charges of organized fraud, first-degree grand theft, practicing accounting without a license, and money laundering.
Sen. Elizabeth Warren's bill would raise taxes on households worth more than $50 million and on billionaires.
Venezuela's acting President Delcy Rodríguez is selling investors on a newly opened oil industry and looser U.S. sanctions.
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Howard Schultz said he and his wife will move to Florida as Washington weighs a roughly 10% annual tax on earnings over $1 million.
Rishi Kapoor is facing multiple charges, including wire fraud, money laundering, failure to pay payroll taxes, tax evasion, failure to file tax returns, and bank fraud.
Florida lawmakers approved a sweeping tax-cut package that would suspend taxes on gun accessories, camping gear and American-made beer.
Miami-Dade County Commissioner Vicki Lopez said essential services would remain the top priority, but added that the debate could push governments to reevaluate their responsibilities.
Workers who claim the new deduction will see an average tax cut of around $1,400, although some could realize larger savings.
If 60 percent of voters approve the measure, it would take effect in the 2027 tax year, but the Senate has not advanced anything similar yet.
Critics have questioned why the federal government should underwrite coverage costs for people with ACA health plans — but almost all health insurance in the U.S. comes with some federal help.
The House Ways & Means Committee voted 10-4 along party lines to limit the cap from 3% increase a year to 3% increase over 3 years.
Treasury Department ends contracts with consulting firm Booz Allen Hamilton after a former contractor leaked tax returns, including info for President Trump.
A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the AARP says.
Taxpayers can start filing their 2025 tax returns on Jan. 26, 2026, the IRS says.
More than 40 million people worldwide claim Scottish ancestry, and many are in South Florida right now for the big World Cup match between Scotland and Brazil on Wednesday.
The board agreed to resume discussions in July, when they will review a report on whether all necessary artificial intelligence safeguards are in place.
Brady Tkachuk is joining the Florida Panthers, where his brother Matthew plays.
Following the acquittal, the parents of Lucy Fernandez released a statement expressing disappointment while affirming their respect for the judicial process.
The agency did not specify the number of detainees relocated or confirm if they would be returned to Krome once conditions improve.
More than 40 million people worldwide claim Scottish ancestry, and many are in South Florida right now for the big World Cup match between Scotland and Brazil on Wednesday.
The board agreed to resume discussions in July, when they will review a report on whether all necessary artificial intelligence safeguards are in place.
Brady Tkachuk is joining the Florida Panthers, where his brother Matthew plays.
George Pino was found not guilty in charges related to the 2022 boat crash that killed one teenager and left another disabled.
Following the acquittal, the parents of Lucy Fernandez released a statement expressing disappointment while affirming their respect for the judicial process.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
U.S. District Judge P. Casey Pitts in the Northern District of California ruled in a 71-page opinion Tuesday that multiple Trump administration policies were arbitrary and violated the Administrative Procedure Act.
The Senate approved a House-passed resolution aimed at reining in President Trump on Iran, marking the first time such a measure has made it through both chambers.
President Trump's construction projects include restoring the Lincoln Memorial Reflecting Pool, building a 90,000-square-foot White House ballroom and a 250-foot triumphal arch.
The Supreme Court rejected a former Louisiana inmate's effort to sue state prison officials after they shaved his dreadlocks in violation of his religious beliefs.
The Utah judge in the murder case of Charlie Kirk's alleged killer has denied a defense request to force Tyler Robinson's former roommate to testify in person during the preliminary hearing.
More than two decades after voters were promised a new facility to treat people with mental illnesses, rather than warehousing them in the county jail, the Miami-Dade County Commission gave final approval on Tuesday to open the Miami Center for Mental Health and Recovery.
There are seven Democrats in the race and whoever wins the primary in August will almost certainly be elected to Congress, since this is the most Democratic district in the state.
Democratic CFO candidate Annette Taddeo says she is running to strengthen oversight of Florida's insurance industry and better protect homeowners.
Miami-Dade Commissioner Oliver Gilbert says his record of delivering results sets him apart in the Democratic primary to replace retiring Rep. Frederica Wilson.
Florida House Speaker Danny Perez denied claims his nomination as U.S. ambassador to Brazil was tied to Florida's recent redistricting effort.
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
U.S. government plans to open a quarantine center for Americans exposed to Ebola on an air base in Kenya have been temporarily halted by a court order.
The head of the World Health Organization says Ebola has killed at least 7 people in Congo, but the U.N. agency says it knows the epidemic "is much larger."
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."
Record producer Tay Keith was found dead in his Nashville home by officers performing a welfare check, police said.
Many people are spending more time on screens, but also doing more physical activities, a new CBS News poll finds.