When pondering property tax cut, be wary of existing government debt

Florida has $71.82 billion in debt, making it the No. 10 most indebted state in the nation. Sarasota County is over $1.5 billion in debt, the city of Sarasota over $412 million, and the Sarasota County School District is $724 million. That’s a lot of debt.

The flagship fiscal proposal from Florida Gov. DeSantis this year is to ask voters to approve an elimination of property taxes. 

He has not been clear about what spending cuts would balance out this massive tax cut, not least because property taxes mostly go to local governments, and they will be the ones forced to cut spending.