Tampa's Castor puts Amendment 3 hit at up to $74M a year by 2032

Tampa Mayor Jane Castor, who leaves office in May, says Amendment 3 will cost the city $35 million to $40 million in property tax revenue in fiscal 2028, Florida Politics reported Nov. 9. She projects the loss reaching $60 million to $65 million the next year and as much as $74 million a year by 2032. The state's Revenue Estimating Conference put Tampa's loss higher in July: about $40.5 million in 2027-28, rising to nearly $129 million by 2031-32.

Why it matters: the amendment, which voters passed Nov. 3, cuts many homeowners' city tax bills. Castor wrote that property taxes keep "fire trucks rolling and parks open," and she plans to meet Tampa's state lawmakers about the gap.