Sidewalks, park benches and local bridges. Libraries, stormwater drains and arts centers.

These are just some of the items local governments borrow money to pay for. And they use local property taxes to pay back the loans.

"Property tax base is kind of the key revenue source that's driving a significant amount of the revenue that they're pledging to repay in a timely and in full their debt obligations," said Tom Zemetis, director at the credit rating agency S&P Global.

Importantly, local governments pledge future property taxes to pay for all types of projects today by borrowing billions of dollars to be paid back, often using property tax money. But the future of property taxes in Florida is up for debate.

Gov. Ron DeSantis has made it a priority for the upcoming legislative session t

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