Manager warns Amendment 3 (HJR1F) could cost Miami Springs millions annually
City Manager JC told council that Florida's Amendment 3 (HJR1F) would expand homestead exemptions and lower non‑homestead assessment caps, projecting a $2.2 million revenue reduction in 2027 with larger ongoing losses and disproportionate impact on Miami Springs (≈70% homesteaded).
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City Manager JC devoted a substantial portion of the workshop to explaining Amendment 3 (HJR1F), a proposed state constitutional change that would raise the homestead exemption and tighten non‑homestead assessment caps. He said the state projection estimates a $2.2 million reduction in city revenue in the first year of the adjustment (fiscal 2027), growing in later years as the exemption is indexed to inflation.
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