Florida Realtors Launch Campaign in Support of Amendment 5

Orlando Business Journal: The Florida Association of Realtors on July 22 launched a new grassroots campaign pushing for the passage of Amendment 5 in November. The association also plans to contribute $1 million to the "Give Me 5 for Florida's Future" campaign, which supports the amendment that would eliminate the school portion of local property tax to save property owners an estimated $9.3 billion in 2011.  The constitutional amendment, placed on the Nov. 4 ballot by the Florida Taxation and Budget Reform Committee, has yet to identify what would replace the revenue that would be lost through elimination of those taxes, but several options have been discussed, including a penny increase in the state sales tax.

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