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Res No. 129-18 - - RESOLUTION NO. 129-18 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, CONCERNING AMENDMENT 1 TO THE FLORIDA CONSTITUTION, WHICH, IF ADOPTED, WOULD CREATE ADDITIONAL INEQUITIES IN FLORIDA'S TAX SYSTEM BY GRANTING CERTAIN TAX BREAK-S TO SOME TAXPAYERS AT THE EXPENSE OF OTHER TAXPAYERS; PROVIDING FOR AN EFFECTIVE DATE;AND FOR OTHER PURPOSES. WHEREAS, a proposed constitutional amendment sponsored by the Florida Legislature will be placed on the 2018 general election ballot as "Amendment 1";and WHEREAS, this proposed constitutional change exempts the assessed valuation of homestead property greater than $100,000 and up to $125,000 for all levies other than school district levies; and WHEREAS, Amendment 1 is expected to cost $644.7 million per year—resulting in either service reductions or tax hikes; and WHEREAS,local communities may be forced to increase local property tax rates to offset revenue reductions; and WHEREAS, changing local property taxes should be done locally, not through a constitutional amendment; and WHEREAS, instead of fixing Florida's complicated tax system, Amendment 1 makes it more complicated and less fair;and WHEREAS,Florida's tax system should work for all homeowners,not just a few; and WHEREAS, most of Amendment 1's benefits go to only a handful of homeowners; and WHEREAS,Amendment 1 exposes local businesses to a much higher tax burden;and WHEREAS, this one-size-fits-all scheme is made to look like a tax cut but it is really a tax shift that will further disenchant millions of already-skeptical Florida voters. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA,AS FOLLOWS: Section 1. That the foregoing recitals are hereby confirmed and ratified. Section 2. That the City of Delray Beach urges its residents to carefully consider the potential -a dense consequences of Amendinent" Mot voting mthe Novemb&t g6nefdt 61 ecli I Section 3. That all Resolutions or parts of Resolutions in conflict herewith be, and the same are 1 hereby repealed. Section 4. That this Resolution shall become effective immediately upon passage. PASSED AND ADOPTED this ' day of 20 Shel"Ip Petrolia,Mayo ATTEST: Katerti Johnson, C, Ci letk APPRO AS TO O �ND CTW FICIE C F Max L ' , City Attorneyry 2 RES. NO. 129-18