A new report from the state’s independent, nonpartisan, nonprofit government watchdog and taxpayer research institute, Florida TaxWatch, shows that failure to make permanent the non-homestead exemption cap could result in Floridians paying as much as $700 million more in property taxes annually. However, Florida voters will have the chance to protect themselves from higher property taxes by voting “yes” on Amendment 2 this November.

Yesterday, the Florida Government Efficiency Task Force (GETF) approved its final report, which outlines 29 recommendations that would improve government operations while saving hard-working Florida taxpayers’ money. The potential cost-savings the state could realize if these recommendations were implemented could exceed $2 billion annually.