$2B Gone... and They Want More

That $2 billion didn’t just disappear… it got spent. And not how you’d hope.

Watch the full breakdown here: Click here to watch

Here’s the deal. Property taxes in Florida have exploded. Back in 2019, they pulled in about $30 billion. Today it’s around $60 billion. And if nothing changes, it’s on track to hit $84 billion in the next few years. That’s nearly triple in just over a decade.

So where’s all that money going?

Not where you think.

In St. Pete, they spent over $9 million on a program that sends social workers instead of police to certain 911 calls. That includes $1.7 million this year alone, funded by property taxes. Meanwhile, other cities are spending $460K counting trees, $189K on “equity” positions, and over $200K on programs aimed at kids around gender identity.

That’s your money.

And when investigators started digging into budgets, they found over $2.1 billion in waste across just a handful of counties. Not the whole state, just a sample.

It gets worse.

In Citrus County, the budget jumped 73% in six years… while the population only grew 10%. In Flagler County, spending shot up 120%. That’s not inflation. That’s not growth. That’s a spending problem. Flagler so far is the biggest waste of property taxes on a percentage increase basis.

Now here’s the part most people don’t understand.

When Ron DeSantis talks about eliminating property taxes, he’s not talking about all of them. Just homesteaded homes, the one you live in.

Everything else still gets taxed. Businesses, rentals, second homes, that’s about 70% of the total property tax revenue.

So when you do the math, removing homestead property taxes only affects around 9% of total budgets. Not 100%. Not even close. And when people say “how are we gonna pay for schools, roads, and fire?”… they’re using the current waste-filled budgets as the baseline. Not what spending looks like once you cut the fat.

And Florida already has a $15 billion surplus that DeSantis said he can use to fund counties that have a budget deficit after cutting property taxes. Thats a huge win!

So the real question isn’t “can we afford it?”

It’s “why hasn’t it happened yet?”

Because politicians don’t want it to.

Right now, nothing is officially on the ballot. Every proposal failed earlier this year. So the only path forward is a special session where it can be pushed through without getting watered down. And thats exactly what DeSantis plans on doing. 

If it passes, voters could see a simple question on the ballot in November of 2026: Do you want to eliminate property taxes on your primary home? Yes or no?

That’s it.

But even if it passes, cities will try to make up the money somewhere else. New fees. New taxes. Same game. Thats why DeSantis is taking his time with this proposal. To make sure no new taxes take their place.

At the end of the day, this isn’t about politics. It’s about control. Property taxes mean you never fully own your home. Stop paying, and it’s gone.

That’s not ownership. That’s renting from the government.

Watch the full video here: Click here to watch

Grant Warrington

Think like an Investor

YouTube Channel

P.S. I break down exactly where the money is going and how this plan could actually pass: click here to watch

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