Adopted Florida property tax restrictions may harm localities

By: Robert Slavin

Excerpt from the article:

(June 29, 2026) A bill Florida Gov. Ron DeSantis signed Wednesday that restricts local government increases in property tax yields will burden local governments, particularly if voters approve an expanded property tax exemptions referendum in November.

"We think this might have the effect of putting a financial noose around the neck of many Florida municipalities that depend on property taxes for funding various projects," said John Mousseau, executive vice president and chief investment officer at Cumberland Advisors. 

"What kind of educational effort there will be on the referendum will be important," Mousseau said. "An increase in the property tax homestead exemption — many voters will look at this as being asked if they would simply like more money."

Local governments vary in circumstances. "But in our opinion the [voting] thresholds themselves will have a halting effect on many infrastructure projects that are needed," Mousseau said. "And under all of this, it will be done with one financial hand tied behind the back."

Click here to read the full article on the Bond Buyer website. 

John R. Mousseau, CFA
Chief Investment Officer
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