AGP Executive Report
Last update: 5 hours agoProperty Taxes: Florida voters approved Amendment 3, expanding the homestead exemption to $150,000 in 2027 and $250,000 in 2028. It also halves the annual cap on taxable-value increases for non-homestead properties, while raising concerns about local revenue and services. Construction Workforce: Florida ranks second in a new measure of construction labor pressure, behind Texas, as the industry faces a national shortfall of 349,000 workers. Energy: Hearings have begun on Florida-based NextEra Energy’s proposed $67 billion merger with Dominion. The revised plan includes customer bill credits and a five-year job-protection pledge for Dominion employees. Real Estate: A newly built Naples beachfront estate sold off-market for $71 million, among the city’s largest residential deals this year. Utilities: Duke Energy Florida says customer rates will fall in 2027.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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