SAVE OUR HOMES (SOH) PORTABILITY UPDATE!
I was gratified to read in today's news, that Carlos Lacasa, who sits on
the State Taxation and Budget Control Committee, believes that my
SOH Portability concept should be placed on the November 2007 ballot.
A citizens initiative to put portability on that ballot (although with limits,
which are too low for expensive homes,) is gathering signatures.
With news headlines stating: that home prices have suffered their biggest
drop in 16 years, that prices are declining and inventories are very high,
that sub-prime markets are in disarray, that interest rates are rising, it is
obvious that the residential market needs relief which only SOH Portability
I feel that on January 29th, 2008, primary ballot, the Constitutional
Amendment will most likely fail, since it will hurt the market by taking away
the Save Our Homes protection. However, I will continue to pursue
initiatives to bring true tax relief for homeowners of our area and our state.
Once again, I will file my Portability Bill and, if the Governor calls for
another special session, advocate that he includes portability.
I will be happy to speak at any association meetings, and explain, in
depth, the concept of my Portability Bill. Please contact my district
office at (561) 625-5176, to schedule a date.
Carl J. Domino