That’s a gap of more than 12 percentage points between the governor’s headline promise and what independent state analysis supports.
House Minority Leader Fentrice Driskell, a Democrat from Tampa, said the proposal could take from the very thing DeSantis wants to fund.
DeSantis has proposed a trust funded by surplus state revenue to help rural counties offset lost revenue, but critics say details remain thin on how that fund would scale to cover the broader shortfall if the exemption expands to $500,000.
For this story, Fortune journalists used generative AI as a research tool. An editor verified the accuracy of the information before publishing. This report has been updated to correct a reference to the amount of homesteaded properties in Florida valued at $250,000 or less, which was misstated in the UBS note: it is 28%, not 47%.
