OVIEDO, Fla. \u2013 The City of Oviedo may seek outside help to develop financial strategies if Amendment 3 passes on Tuesday.<\/p>\n
At a meeting on Monday, the city council is expected to vote on a piggyback agreement with the City of Groveland for a consultant firm to help analyze the impacts of property tax reform.<\/p>\n
Florida\u2019s proposed property tax plan \u2014 Amendment 3 \u2014 would provide a new homestead exemption for non-school taxes for residents across the state.<\/p>\n
If Amendment 3 passes, homeowners would save money on taxes. Critics warn, however, that the plan could cost local governments significantly, as property taxes fund core city services.<\/p>\n
In October, Oviedo Mayor Megan Sladek said the city may be forced to cut staff if Amendment 3 reaches the 60 percent approval threshold required by Florida voters.<\/p>\n
\u201cIt would be about 71 employees. We have about 320 right now and the only way to do it, it would impact personnel,\u201d Sladek said.<\/p>\n
As part of the proposed agreement going before the Oviedo Council, Raftelis Financial Consultants could provide the city with a financial sustainability analysis.<\/p>\n
The measure also gives the city access to a broad range of services, including rate studies, capital planning, and utility valuation.<\/p>\n
Approving the piggyback agreement carries no immediate budget impact. All work will be issued through individual work orders in line with the city\u2019s purchasing policy.<\/p>\n
Earlier this year, $114,328 was approved in the city\u2019s budget for consultant services.<\/p>\n
Monday\u2019s city council meeting is scheduled for 6:30 p.m. at Oviedo City Hall.<\/p>\n
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