Amendment 3 budget gap and FY 2027/28 revenue strategies
Summary
Voters passed Amendment 3, which raises the homestead exemption and caps non-homestead value growth — costing DeLand an estimated $5.2 million next fiscal year and $8.8 million the year after. The city has to find new revenue, cut services, or both to balance the budget. This meeting was the kickoff of that multi-meeting process.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Nov 9, 2026.
Impact analysis
Could cost the city about $5.2 million in FY 2027/28 and $8.8 million the year after — and any new fees or assessments would come out of residents' and businesses' wallets.
Homeowners get the larger homestead exemption, while the whole city benefits if the commission finds a fair, sustainable way to balance the budget.
City services — police, fire, public works, parks — could face cuts, and non-homestead property owners and businesses would bear more of any new assessments or fees.
Mentions & discussions (2)
City Commission - Nov 9, 2026
Voters passed Amendment 3, which raises the homestead exemption and caps non-homestead value growth — costing DeLand an estimated $5.2 million next fiscal year and $8.8 million the year after. The city has to find new revenue, cut services, or both to balance the budget. This meeting was the kickoff of that multi-meeting process.
City Commission - Jul 10, 2026
The commission was scheduled to discuss the proposed property tax rate for the coming year — the figure that shapes residents' tax bills.
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