Alex Sink: Reducing property tax may cost jobs

Florida Property Tax Update: Alex Sink: Reducing property tax may cost jobsOCALA, Fla. – June 8, 2007 – If the Florida Legislature passes a property tax reduction measure in its upcoming special session, Florida will lose jobs, a top state official said Wednesday.Chief Financial Officer Alex Sink told those attending the quarterly meeting of the Ocala/Marion County Economic Development Corp. that property tax reduction is necessary, but will come at a cost.“If we have a 20-percent decrease in property taxes, thousands of Floridians are going to lose their jobs,” she said.The Legislature will meet in special session from June 12 through June 22 to consider property tax-relief measures.Full Story