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Florida ballot measures for 2020
Our general election is coming up on November 3, 2020. Not only do Americans get to decide on the next President and other political officers, but we also get to vote on 6 amendments to the Florida state constitution.
While there are 6 amendments on the ballot, only 3 of them directly impact real estate and business owners. So that is all I am going to elaborate on in this article. You can read details about all 6 proposed amendments here. I will try to give objective non-partisan information on these measures with some short pros and cons on how they will affect us. Here we go …
Proposal #2. Title: “Raising Florida’s Minimum Wage.” Ballot summary: “Raises minimum wage to $10.00 per hour effective September 30th, 2021. Each September 30th thereafter, minimum wage shall increase by $1.00 per hour until the minimum wage reaches $15.00 per hour on September 30th, 2026. From that point forward, future minimum wage increases shall revert to being adjusted annually for inflation starting September 30th, 2027.”
This is probably the most controversial of the proposals. If passed this proposal would gradually raise Florida’s minimum wage to $15.00 per hour over the course of the next 6 years. Currently ... more
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