Oviedo is lining up outside financial help in case Florida voters approve Amendment 3 on Tuesday.
The Oviedo City Council meets at 6:30 p.m. Monday at City Hall and is expected to vote on a piggyback agreement that would let the city use an existing City of Groveland contract with Raftelis Financial Consultants, WKMG News 6 reported.
Under the agreement, Raftelis could prepare a financial sustainability analysis for Oviedo, and the city would also gain access to services such as rate studies, capital planning and utility valuation.
Approving the agreement would not commit any money on its own, according to the report. Any work would be ordered through separate work orders under Oviedo's purchasing policy. The city set aside $114,328 for consultant services in its budget earlier this year.
What the amendment would do
Amendment 3 would create a much larger homestead exemption that applies only to non-school property taxes. As WKMG described it, the first $150,000 of a permanent resident's assessed home value would be exempt from non-school taxes in 2027, rising to $250,000 in 2028 and then indexed to inflation. School property taxes would still be charged. It needs at least 60% of the vote to pass.
Supporters say local government spending has grown too much and that property taxes weigh too heavily on homeowners. Florida Realtors has put $18 million into the campaign to pass it, according to WKMG.
Critics warn the lost revenue would squeeze services paid for with property taxes, such as police and libraries.
