| Good Thursday morning. Today, we're turning the top of Sunburn over to my wife, Michelle: "Happy birthday to the incomparable Stephanie Smith. Many people in The Process consider her their best friend, but in the Schorsch household, we care most that she is Ella Joyce's best friend (she stole her from Michelle). Her friendship, leadership and influence are felt throughout Florida politics. She has mentored countless people and, more importantly, taught them the importance of helping others advance their careers. Her bright smile is a welcome relief in an inherently adversarial industry. The world is a better place because she is in it. So please join us in toasting an incredible woman, our dear friend Stephanie Smith."  Stephanie Smith celebrates another trip around the sun as friends praise her mentorship, leadership and influence across Florida politics. ___ Eliminating homestead property taxes would not make the costs of local government disappear; it would simply shift them onto renters, new homeowners and consumers, a new Florida League of Cities report found. Based on interviews with municipal officials statewide and a review of local budgets, the report finds that sweeping homestead tax reforms — including policies floated by Gov. Ron DeSantis and measures advancing in the House — would worsen inequities already embedded in Florida's property tax system, particularly those created by Save Our Homes. That constitutional provision caps annual assessment increases on homesteaded properties at the rate of inflation, strongly favoring long-term homeowners while shifting a growing share of the tax burden onto newer buyers, renters and non-homesteaded properties. Rental properties aren't protected under Save Our Homes. New homeowners can qualify, but only if they own and occupy the property by Jan. 1 of the tax year and apply within a narrow statutory window. City leaders warned that broad exemptions or outright elimination of homestead taxes would magnify those disparities by delivering the largest benefits to owners of high-value homes while draining revenue from residentially dependent communities. "Every exemption for one group is a tax increase for another," one respondent told researchers. To keep budgets whole under major homestead tax cuts, municipalities would likely need to raise millage rates on non-homesteaded properties, the report said. Those increases are typically passed on to renters and consumers through higher rents and prices. "For renters, higher property taxes translate into higher rental rates," researchers wrote. "For small businesses, this can mean higher operating costs, reduced margins or even closures." The report warned that weakening property taxes would push cities to rely more on sales taxes, leaving local governments more exposed to economic shocks. |
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