Florida voters approve property tax cut, reject rainy-day fund expansion; farm exemption at 58.25%
DeSantis-backed homestead tax reduction crosses 60% threshold; Amendment 1 rejected, Amendment 2 at 58.25% Tuesday night
Florida voters approved a constitutional amendment proposing a homestead property tax reduction on Tuesday, rejected an increase in the state's budget stabilization fund, and appeared to defeat a farm equipment tax exemption, according to unofficial election results.