Crist Promotes Tax Swap Amendment
By James Call
Tallahassee, FL – Gov. Charlie Crist says passage of the Tax Swap amendment will stimulate Florida's economy. James Call reports, the governor promoted the amendment in a meeting with business owners and leaders.
The governor's once a month meeting at the mansion with ordinary Floridians Tuesday, included realtors and small business owners. He told the group, passing amendment 5, which eliminates the portion of property taxes that pays for public schools, will spark an economic recovery by putting money in people's pockets.
If the amendment were to pass, the state would have to pick up the bill. Up to 11 billion dollars to replace the lost property tax money. And that concerns the Florida Chamber of commerce. It's president, Mark Wilson, says the uncertainty created by amendment 5 is bad for business.
Wilson says the chamber has a poll coming out soon, showing 40 percent support for the amendment. It will need 60 percent of the November vote to become law.