The Tampa Bay Chamber opposes Amendment 3 as an approach to addressing property tax reform and affordability challenges in Florida. While Florida’s property tax system warrants thoughtful, comprehensive review and reform, Amendment 3 does not provide a responsible or sufficiently defined path to achieving meaningful relief. The Tampa Bay Chamber believes this is the right question but the wrong solution.
Among the significant questions that warrant further consideration are the definition and protection of core government services, the long-term fiscal impacts on counties and municipalities, and how potential changes in property tax revenue could affect the ability of local governments to maintain services and make community investments.
These considerations raise concerns about reductions in local government funding that could affect both essential services and discretionary programs that support a community’s quality of life, economic vitality, and long-term competitiveness. Areas that could be impacted include, but are not limited to:
- Public safety and emergency services, including fire departments and crime prevention units;
- Transportation and infrastructure, including stormwater management;
- Community amenities and services, including parks, libraries, senior centers, pet resource centers, and DMV services; and
- Discretionary programs, including community outreach and other locally funded services.
The Chamber also recognizes the importance of preserving local decision-making authority so communities can determine how locally generated revenues are invested to address their unique needs, priorities, and growth challenges.
Florida has an opportunity to pursue a more comprehensive approach. The Florida Taxation and Budget Reform Commission is scheduled to convene in 2027 and is constitutionally charged with examining Florida’s tax structure, revenue needs, government funding and limitations on state and local taxation. This process provides an opportunity to consider property tax reform within the context of Florida’s broader tax system and its long-term economic needs.
We remain committed to working with policymakers, the business community and other stakeholders to advance responsible reforms that reduce the tax burden on residents, improve affordability, strengthen Florida’s business climate, and preserve the public investment necessary for our region’s continued economic success.