Escambia stands to lose $59.2 from budget if property taxes are cut
If a constitutional amendment to reduce property taxes passes, Escambia County could lose $59 million from its $348 million general fund by year two.
Escambia County leaders are taking a hard look at their budget in the event voters approve the state Property Tax Reform referendum during the 2026 General Election in November.
The proposed constitutional amendment would, if approved by voters, raise homestead exemptions from the current $50,000 to $150,000 in 2027 and to $250,000 in 2028. Property taxes to fund public schools would remain intact, but revenue for counties and municipalities would drop sharply.
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Sourced from Newsdata · Florida Government · indexed by Statura on June 18, 2026. Statura indexes Florida political news and tags it by industry and jurisdiction so government-affairs teams can monitor signal without scanning every outlet by hand. Read the full story at Newsdata · Florida Government ↗