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Study: Amendment 4 would hurt recovery

Bill Cotterell
Florida Today
October 25, 2010

By Bill Cotterell, Florida Capital Bureau

October 22, 2010

Florida's recovery from the recession will be


severely hurt and construction of new homes, shops


and businesses would become more of an insider


political proposition — not less — if the Hometown


Democracy constitutional amendment passes, a


University of West Florida economist said Thursday.



But a spokesman for the Amendment 4 campaign


said a study by Florida TaxWatch and the Haas


Center for Business Research and Economic


Development was tainted by big businesses, real


estate developers and retail interests. Wayne Garcia


of Yes on 4 said giving residents a vote changes to


local land-use comprehensive plans would help


stabilize the volatile Florida construction-dependent


jobs climate.



"Passage of Amendment 4 would result in significant


losses in jobs, economic activity, personal income


and tax revenues throughout the state of Florida,"


said Robert Weissert, vice president for research


and general counsel of Florida TaxWatch. "Passage


of Amendment 4 would be devastating to the state of


Florida."



Weissert and Rick Harper, director of the Haas


Center at UWF, released the study at a news


conference.



Harper said "the great Irony of Amendment 4" is that,


instead of opening the process, it would "foster a


less-open, less-transparent and less-predictable


planning environment, by subordinating the


professional judgment of planners — subject to


approval by elected representatives — to a referenda


system of ballot-box initiatives."



He and Weissert said having a public vote on every


big development would run up litigation costs and


costs of holding elections. They argued businesses


would simply take their money to friendlier states.



Hometown Democracy proponents say their


amendment would give residents a brake on


runaway development and let them overrule local


governing boards that base land-use decisions on


a desire for more property tax revenue — or more


campaign contributions from developers.



But Harper said Amendment 4 "will inevitably lead to


an increasingly polarized and political planning


process."



The TaxWatch-Haas Center economic analysis said


260,000 jobs could be wiped out by Amendment 4,


with loss of an estimated $16.7 billion in personal


income over six years. State and local governments


could lose $2.2 billion in tax revenues — about


$3.4 million per county in lost property taxes, the


study projected.



"We should instead focus on making improvements


to existing growth-management plans," said


Weissert.



Polls have shown Amendment 4 falling far short of


the 60 percent required for adoption Nov. 2.



Garcia, the spokesman for the proponents'


campaign, said TaxWatch "is far from an


independent broker" on Amendment 4. He said the


organization has always been financially dependent


on businesses that are now bankrolling the


opposition effort.



"This is just another attempt by part of the No on 4


growth machine to make up 'facts' to scare voters,"


Garcia said of the study. "What has cost Florida


untold jobs and higher taxes is the current system


of growth ... Amendment 4 would end the boom-


and-bust cycle of Florida real estate speculation and


provide a more stable economic platform, resulting


in more investment in our state, not less."


 

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