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Councilmembers warn HJR 203 could cost Boca Raton roughly $58 million in year one
Summary
Council members at the Feb. 23 workshop warned that House Joint Resolution 203, as described in staff presentations, could eliminate homestead exemptions and reduce Boca Raton's revenue by an estimated $58 million in the first year; councilmembers urged residents to contact state legislators.
Council members at a Boca Raton workshop on Feb. 23 told residents that a proposed state property-tax change—House Joint Resolution 203—could have large budget consequences for the city.
Council member Reeder said presentations from staff and finance advisers indicate that an immediate elimination of the homestead property-tax exemption under the version of HJR 203…
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