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The Honorable H. Lee Moffitt Speaker of the Florida House of Representatives Office of the Speaker Tallahassee, Florida 32301

Dear Representative Moffitt:

This is in response to your request for an opinion on the proposed amendment to the Florida Constitution, commonly referred to as Proposition I, which would limit revenues received by the state and each taxing unit to 1980-1981 revenue dollars plus ad valorem taxes on subsequent construction and annual adjustments of two-thirds of the Consumer Price Index percentage change, provided that the maximum annual adjustment increase for ad valorem…