Minutes

Board of Commissioner Special Workshop · 2026-05-28 · minutes

This document is a summary of a special workshop meeting of the Taylor County Board of County Commissioners held on May 28, 2026, to discuss the Governor's proposed constitutional amendment regarding property taxes. The amendment, if approved, would significantly increase the homestead property tax exemption to $150,000 in 2027 and $250,000 in 2028, with a goal of full elimination of homestead property taxes. It would also reduce non-homestead assessment caps to 5% and restrict the uses of ad valorem tax revenues. The potential impact on Taylor County's budget is estimated at a loss of $1,626,642.16 in 2027 and $2,022,772.67 in 2028. A key concern is the lack of a guaranteed funding formula for grants to offset these revenue losses. The Governor's office has proposed a special legislative session from June 1-3, 2026, to consider this amendment. The document details the legislative process required for the amendment to reach the ballot in November 2026.