Florida Supreme Court Reverses Decision Regarding Referendum Approval for Tax Increment Financing
On September 18, 2008, the Florida Supreme Court withdrew its previous opinions and issued a substitute opinion. The substitute opinion reverses the opinion delivered on September 6, 2007, and recognizes the long-standing holding in State v. Miami Beach Redevelopment Agency, 392 So. 2d 875 (Fla. 1980), which held that tax increment financing does not involve a pledge of ad valorem taxes and therefore referendum approval is not required under the Florida Constitution.
Click on the following links to view a copy of the opinion and order: