Amendment 3 Property Tax Reform Impact
Summary
Commissioners spent a lot of time on the state's property tax overhaul — about $28 million a year hit to Hollywood by year two. Ideas floated: commissioners rolling back their own raises, set budgets for downtown events, and tightening spending everywhere.
At a glance
- Total mentions
- 5
- Last 30 days
- 1
Rising — discussed at 3 meetings since Sep 14, 2026, up from 1 in the two months before.
Impact analysis
Roughly $28 million per year in lost city revenue by year two of the law.
Homeowners getting bigger homestead exemptions.
City services and potentially city jobs — one commissioner estimated a $40 million cut could equal 400 positions.
Mentions & discussions (5)
City Commission (Regular) - Nov 5, 2026
Voters statewide passed the property-tax relief amendment, and Hollywood averaged 60.5% in favor. The city expects real revenue hits starting in fiscal 2028, and management promised a deep dive into efficiencies, service levels and new revenue before the budget kickoff early next year.
Special City Commission Meeting - FY 2027 Second Public Budget Hearing - Sep 23, 2026
City leaders repeatedly flagged the statewide Amendment 3 ballot measure, which could sharply cut city property tax revenue if it passes. Budget officials say they kept general fund additions minimal and revenue-offset as a hedge.
Special City Commission Meeting - FY 2027 First Public Budget Hearing - Sep 14, 2026
Staff forecast general fund expenditures outpacing revenues starting FY 2029, with deficits of $14–37 million in later years. If Amendment 3 passes, deficits grow by another $20–34 million, forcing future cuts or new revenue.
Commission Workshop _ Capital Improvement (CIP)8.26.2026 - Aug 26, 2026
A November ballot measure could dramatically raise the homestead exemption and eventually eliminate property taxes on homesteads, costing Hollywood an estimated $20M+ in FY2028 alone and limiting what property tax dollars can fund. Staff is planning cautiously.
City Commission (Regular) - Jun 3, 2026
Commissioners spent a lot of time on the state's property tax overhaul — about $28 million a year hit to Hollywood by year two. Ideas floated: commissioners rolling back their own raises, set budgets for downtown events, and tightening spending everywhere.
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