League of Cities worries Energy Choice measure will cripple cities
Count the Florida League of Cities among skeptics regarding a proposed energy choice referendum.
The League took a position against “deregulating Florida’s energy marketplace.” Organization leaders say the Florida Energy Choiceamendment in fact will cripple cities and hurt consumers.
“The Florida League of Cities strongly opposes this special interest snow job,” reads a League press release.
Analysts at the group figure the amendment could cost local governments some $2 billion in revenues. That includes more than $1 billion in electricity public service taxes, $721 million in franchise fees and $352 million in property taxes for power generation facilities. The losses will disproportionately impact cities as opposed to counties.