The Florida House and Senate have completed their 60th day of the 2009 session. While this is the day they should be adjourning, the 2009 regular session of the Florida Legislature has been extended a full week. The purpose of the extension was to allow more time to finalize the budget.
During the regular session there has been a lot accomplished regarding home ownership. We're still waiting for more information to come our way but a few of the highlights are a constitutional amendment that will ask voters to limit increases in property tax assessments on all non-homestead properties, a cap on rate increases for Citizens policyholders and a bill heading to the Governor's office which would put the burden of proving that a property tax assessment in correct on the property appraiser, not the property owner.
As I hear more information I will pass it along to you. In the meantime, we're watching and waiting for the budget to be finalized. It looks good that the $30 million for down payment assistance to help "front-load" the federal first-time homebuyer tax credit will get approved in the budget. If you're not sure what this is, be sure to check my previous post (Need help with your downpayment?) for more information.
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