Statura Intelligence
Palm Coast Mayor Norris Calls for ‘Austerity Budget’ as Council Grapples with Downturn and Homestead Upheaval Ahead
Palm Coast City Council members will consider an austerity budget resolution to prepare for sharp revenue losses from a proposed Florida homestead exemption amendment and this year's slight downturn in property values. Existing city property values dropped over one percent, prom…
Palm Coast Mayor Mike Norris is calling for an “austerity budget resolution” that would spell out what the city is doing to prepare for an expected sharp reduction in property tax revenue if voters on Nov. 3 approve a constitutional amendment that would raise the homestead exemption to $250,000 by 2028 and reduce revenue from non-homesteaded properties.
“I think we should go shoot for a full rollback, because we’ve got to start prepping now,” Norris said, referring to the rollback tax rate that limits the city’s revenue next year to the amount it took in this year, excluding revenue from new …
Opening excerpt. Read the full story at FlaglerLive ↗
Sourced from FlaglerLive · indexed by Statura on June 9, 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 FlaglerLive ↗
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