Florida voters give thumbs down to constitutional amendments - Jacksonville Business Journal

By Jim Saunders and Jim Turner – The News Service of FloridaFlorida voters late Tuesday appeared to have rejected three proposed constitutional amendments that would have provided property tax breaks and eliminated the state’s Constitution Revision Commission.

One of the measures, which appeared on the ballot as Amendment 1, sought to prevent properties’ assessed values from increasing because of improvements aimed at combating flooding. The Constitution Revision Commission repeal proposal received about 54% support Tuesday, according to preliminary results posted on the state Division of Elections website.Amendment 1 was aimed largely at helping property owners who elevate all or parts of their homes.

The change would have saved $80.9 million for the targeted property owners next fiscal year, with the annual savings growing to $93.6 million in five years, according to projections.

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