Backers of Amendment 2, which would limit property taxes, make big ad buy - Florida Politics

Backers of Amendment 2, which would limit property taxes, make big ad buy

A political committee backing a proposed ballot measure about limiting property taxes spent $4 million last week on advertising, a new finance report shows.

The committee known as Amendment 2 is for Everybody paid the money Sept. 4 to the New York-based firm McLaughlin & Associates. The committee, which has been heavily funded by the industry group Florida Realtors, had nearly $400,000 in remaining cash on hand as of Friday, according to the report.

The proposed constitutional amendment, placed on the November ballot by the Legislature, would extend a property-tax cap for commercial and other non-homestead properties.

Voters in 2008 approved a constitutional change that placed a 10 percent cap on annual increases in assessed values of non-homestead properties.

The limit will expire Jan. 1 unless it is extended by voters through this year’s proposed constitutional amendment, which will appear on the ballot as Amendment 2.

The News Service of Florida provides journalists, lobbyists, government officials and other civic leaders with comprehensive, objective information about the activities of state government year-round.

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