Budgets of Florida cities, counties, school districts, and special districts are feeling the sluggish economy, as well as the affect of tax reforms imposed by the Legislature and voters, but more pain may lie ahead if voters approve a 1.35% property tax cap in the November election.

The state Supreme Court is reviewing a proposed constitutional amendment that would limit the amount of property taxes that could be collected from any parcel of property to 1.35% of the property’s highest taxable value.

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