Life and politics from the Sunshine State's best city

Tag archive

Florida IMPACT

Senate panel restores affordable housing funds shifted by Amendment 1

in Top Headlines by

A Senate committee on Wednesday voted to restore funding for affordable housing, as a way to offset the loss of revenue because of Amendment 1. Approved overwhelmingly by voters in November, Amendment 1 provides 33 percent of documentary stamp tax revenue to water and land conservation. SB 586 seeks to redistribute the remaining $1.3 billion in documentary stamp fees for fiscal 2015-16, after $757 million is set aside for Amendment 1. The bill would have reduced the revenue going to an affordable…

Keep Reading

Go to Top