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Officials warn state property-tax resolution could hit Boca Raton budget by tens of millions
Summary
Councilmembers said House Joint Resolution 203, as reported in the legislature, could eliminate homestead exemptions and reduce Boca Raton's revenues by an estimated $58 million in year one; city leaders said they will monitor Tallahassee developments and share analysis with staff.
Councilmember reports at Monday's Boca Raton workshop focused in part on unfolding state legislative proposals that city officials say could have large fiscal consequences.
Councilmember Drucker (identified in the meeting as "Miss Drucker") gave a legislative update and said the House and Senate were actively negotiating property-tax proposals; she said one plan discussed in committee would have fully…
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