Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Tuesday, July 1
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Property»Why Sen. Shevrin Jones is against property tax elimination
    Property

    Why Sen. Shevrin Jones is against property tax elimination

    March 24, 20256 Mins Read


    A Democratic Florida senator says the “math isn’t mathing” when it comes to eliminating property taxes.

    State Sen. Shevrin “Shev” Jones, D-Miami Gardens, sits on two committees where a bill to study the impact of eliminating property taxes is destined.

    That proposal (SB 852) has the backing of Republican Senate President Ben Albritton, who is interested in looking closely at the options.

    “My goal is to make Florida more affordable for Floridians,” Albritton previously said on “The Florida Roundup.” “My goal would be to continue to look for meaningful opportunities to make Florida more affordable in the tax space for our residents.”

    RELATED: ‘Make Florida more affordable’: Senate President Ben Albritton talks legislative priorities

    While Jones agrees with studying ways to bring relief to Floridians, he told Tom Hudson with “The Florida Roundup” that he will be voting no on the measure.

    “I support us studying anything that we can figure out how to bring relief to Floridians, but the elimination of property taxes in Florida is not one of them because it will absolutely bring a true period of darkness to the Sunshine State,” Jones said.

    The senator added that while property taxes aren’t perfect, they are the backbone of paying for essential services like schools. He also has concerns about how it will affect low-income Floridians.

    If this current proposal is passed, a study would need to be done by Oct. 1, according to the News Service of Florida. In general, it will take some time before any voting happens about cutting the taxes.

    It would also take a constitutional amendment for Floridians to vote on, which would require 60% support during an election for this to come to fruition.

    But Jones is expressing concerns as he’s listened to experts who have done extensive research at the Florida Policy Institute. He worries voters won’t realize how it could impact their day-to-day lives.

    “Some of them won’t understand that this will put Floridians in a very, very tough position,” Jones said about an amendment being put out to voters.

    Below is a breakdown of his interview with “The Florida Roundup”:

    Potential impact on services

    The Florida Policy Institute’s February report estimated that if state property taxes were eliminated, state sales taxes would have to double from 6% to 12% to make up for the lost tax revenue.

    Gov. Ron DeSantis has also said that if property taxes were eliminated, state sales taxes would not increase, Jones said. He said if the governor found a way to eliminate property taxes while not raising sales taxes and still providing funds for local governments to thrive, he’d be a “yes vote all day.”

    “But the thing is we know that that’s just not how politics work, and the math isn’t mathing right now,” Jones said.

    He said because cities and counties have to go to the Legislature before raising their local sales taxes, they’re also being put into a conundrum.

    Jones said local governments would lose fiscal economy and would be dependent on the state for funding for schools or public services like police or fire departments.

    “While property taxes aren’t perfect, they are truly the backbone of funding the essential services that many individuals take for granted,” he said.

    RELATED: Affordability issues are top of mind as Florida’s legislative session begins

    He said that according to a presentation he remembers from a financing tax committee, in the last fiscal year, property taxes raised $55 billion of revenue for local governments and school districts — doubling over the last decade. He said that around $33.7 billion went to government and social programs and around $20 billion to schools.

    “Schools are the single biggest beneficiaries from property taxes,” Jones said.

    His question is how will schools be paid for and how will local governments fund the needs of their communities.

    “If they cannot give a answer, a answer that benefits Floridians, I think we should not only take the idea off the table, I think we should stop putting things out there like this that raises red flags with Floridians when they’re already under enough stress when it comes to spending money, and the money that’s coming out of their pocket,” Jones said.

    Effect on lower-income households

    The senator also said that without property taxes, it would fall to renters as the money has to be paid somewhere.

    Jones argues that those with lower to moderate incomes — including both renters and property owners — will end up paying more in taxes due to the percentage of their earnings compared to wealthy residents if the sales tax increases to make up for lost revenue.

    “As this conversation happens, then my hope is that my colleagues speak to Floridians who will have to foot this bill or this idea, this very bad idea that is being circulated,” Jones said.

    Government efficiency

    DeSantis has described that there may be a way for it to not cost more taxes if local governments are forced to look at spending.

    Jones said he believes Democrats and Republicans in Tallahassee have made it clear that they want to have a “good faith” check on government efficiency to see whether local governments are spending taxpayer dollars appropriately.

    He said if legislators want to have a true conversation on making sure Floridians can keep more money in their pocket, it should not be starting with eliminating property taxes.

    Instead, they need to look inward.

    RELATED: Florida Senate panel wants study on property tax changes ‘to make sure that we get it right’

    “It should start at what does our wasteful spending look like over the last, what, 10 to 15 years in the state of Florida, since my colleagues have been in power,” Jones said. “There’s money that can be saved. There’s money that we have wasted since I’ve been in the legislature.”

    Jones said that there are other avenues that legislators can consider to help Floridians keep more money.

    Overall, Jones said he does believe lawmakers will move to have a study but stands by his thoughts that rolling out an elimination of property taxes is not the way to go. Instead, he said an alternative solution to consider is a tax relief for those most affected by property taxes.

    “While the goal of reducing this financial burden on our homeowners is commendable and something I believe personally that we all want, eliminating property taxes could lead to underfunded essential services and increase tax burdens on low-income residents, loss of local government autonomy and various economic pitfalls that we cannot even list,” Jones said.

    This story was compiled from interviews conducted by Tom Hudson for “The Florida Roundup.”





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleAkelius Residential Property va demander la radiation de la cote de ses actions D -Le 24 mars 2025 à 14:53
    Next Article Dow, S&P 500, Nasdaq jump amid hopes Trump will soften next tariff blow

    Related Posts

    Property

    Emperor’s US$2 billion debt woes reflect Hong Kong’s worsening property market risks

    July 1, 2025
    Property

    Victorian property in Woodbridge for sale at £1.6 million

    July 1, 2025
    Property

    Numa Group acquires first regional UK property

    July 1, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Fed et les dernières déclarations de Trump ont bougé Bitcoin, le fond est apparu! L’analyste maître a révélé ses attentes de BTC et Altcoin!

    March 25, 2025
    Bitcoin

    sur quelle plateforme investir ?

    May 31, 2025
    Stock Market

    Are these FTSE 100 stocks the biggest bargains on the London Stock Exchange?

    August 23, 2024
    What's Hot

    Starwood Property Trust, Inc. (STWD) to Issue Quarterly Dividend of $0.48 on January 15th

    July 28, 2024

    Bitcoin nous dépasse-t-il les bons du Trésor? Analyse du changement de comportement des investisseurs

    May 30, 2025

    US Bancorp DE Sells 171 Shares of Vanguard Utilities ETF (NYSEARCA:VPU)

    July 27, 2024
    Most Popular

    Transcript : Fastly, Inc. Presents at 45th Annual William Blair Growth Stock Conference, Jun-04-2025 11

    June 24, 2025

    Des problèmes d’argent ? Cinq conseils d’une experte en finance pour augmenter votre patrimoine

    May 26, 2025

    Monaco se prépare à accueillir Macron : circulation bouleversée ce week-end

    June 4, 2025
    Editor's Picks

    Canada’s Finance Minister Chrystia Freeland hints at broader trade action against China

    July 13, 2024

    UK house prices drop by more than £5,000 in August

    August 25, 2024

    Top Mathematician Predicts 150X Bitcoin Gains, Sets $1 Million Target for 2034

    July 14, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.