The following is an update on Amendment 4, as promised in the June president's report.
Like all of us, either a homeowner, business owner or both, we're struggling under the weight of unfair property taxes. Specifically our small businesses are getting their "assets" taxed off at an alarming rate. More reason to support Amendment 4. It is being offered to help save your hard earned dollars and stimulate the Florida economy.
Florida TaxWatch says it will create 20,000 jobs and grow our GDP by approximately $1.1 billion for the first 10 years. That equates to real jobs and real dollars in your pocket.
If passed Amendment 4 lowers the cap on small business property tax increases each year from 10 percent to 5 percent. It will protect you from burdensome increases in property taxes over time. It will create a more predictable tax environment for our small businesses.
As recognized for more than a century small business is the backbone of our nation's economy. When small businesses grow and thrive, so too does our country.
For additional information regarding Amendment 4 visit www.taxyourassetsoff.com.
Please remember, in November vote yes on Amendment 4.
Joe Catrambone is the Stuart Martin County Chamber of Commerce president.