We ran the numbers and if you completely eliminated property tax on every primary resident, homesteaded residents for a Florida resident for all we have like 28, 30 fiscally constrained counties, something like that, To backfill all that revenue would be $300 million a year, which for us is easy to do with our surplus. Now, I wouldn't say you would backfill 100% of it because they need to make some adjustments, too. But those who say, oh, well, the local, the rural areas wouldn't be able to. (14:05–14:13)
CLAIM
Asserts that Florida can cover $300 million annually to backfill revenue lost from eliminating property tax on primary residences using its surplus.
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