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Court steps in to protect past bonds

The Florida Supreme Court just reissued its opinion in the Escambia County property tax case that has given cities, counties and school districts fits since it was first released earlier this month. In the revised opinion, the court now makes it clear that its ruling _ which states that voter approval is needed prior to obligating property taxes to pay back bonds _ does not apply to any bonds that predate the ruling.

Attorney General Bill McCollum asked for a clarification on that very point, saying that millions and millions of previous bonds were at risk because the initial ruling said that only bonds that were "validated" were protected. Here's a copy of the ruling: Download revised_opinion.pdf

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