Biscayne Park asks staff to model fiscal impact of proposed state property‑tax elimination Facing a state proposal that would phase in larger homestead exemptions, Biscayne Park commissioners directed staff to prepare a local fiscal impact analysis and coordinate with Miami‑Dade County; finance staff warned the village relies on property tax for roughly 80% of its revenue, making it especially vulnerable to revenue loss.

Biscayne Park is facing a potential financial crisis as proposed state legislation could eliminate property taxes for homeowners, jeopardizing 80% of the village's revenue.

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