Agenda Cover Page (PDF)

General Policy Committee · 2026-06-11 · agenda

The General Policy Committee will receive a presentation on the property tax constitutional amendment (CS/HJR 1-F) approved for the November 3, 2026 statewide ballot and its projected impact on the City of Gainesville. This amendment is projected to cause a loss of $8.99 million in property tax revenue in FY 2028 and $12.6 million in FY 2029 if the homestead exemption increases to $150,000 and $250,000 respectively. Additionally, reducing the non-homestead assessment cap from 10% to 5% is estimated to cause a loss of $1.1 million in FY 2028. The next meeting is scheduled for July 23, 2026.