Wyoming is considered by many the most conservative state in the country, and generally prefers lower taxes. But last night, the Cowboy State voted overwhelmingly against a 50% cut in property taxes.
“I think we all knew it was going to be close. I thought it might be a little closer than this,” said Hank Hoversland, executive director of the Wyoming Taxpayers Association.
“We've seen closures of libraries on certain days, slower service in emergency services like fire or inability to maintain their equipment,” he said.
Those cuts could’ve gotten much worse had the latest tax cut passed. That’s what happened in Florida last night.
“I don't think I envy Florida in what they're going to be experiencing,” Hoversland said.
Florida voters approved a tax exemption
on as much as $250,000 of a home’s value. For Florida's county and city budgets, that translates to billions in revenue lost annually.
There are few ways policymakers can respond. |