The first Amendment 3 episode drew hundreds of comments, and this follow-up returns for a concrete reason: the version Floridians will vote on in November is now final, and the details have changed. Most importantly, an earlier draft required the legislature to create a state trust fund to grant money to local governments adjusting to the tax cuts, and that provision is gone from the final amendment, meaning there is no constitutional guarantee that the state replaces what counties and cities lose. After recapping what the amendment does, raising the non-school homestead exemption to as much as $150,000 in 2027 and $250,000 in 2028, keeping school levies separate, imposing a five-year wait on newer residents, and cutting the non-homestead assessment growth cap from 10% to 5%, the piece turns to the question viewers kept asking: what happens to the revenue local governments stop collecting? Drawing on the state’s Revenue Estimating Conference, it lays out projected non-school reductions rising from roughly $4.96 billion in the first affected year to about $11.86 billion per year once fully phased in, while stressing these are estimates rather than a hole that appears overnight. It then works through how local governments might respond, why “make government cut the fat” is a fair but incomplete answer, why authorized uses like police, fire, and roads are not the same as guaranteed funding levels, and why the impact varies enormously between a place like Miami-Dade and a small rural county. The practical guidance is to look up your own county’s impact estimate rather than the statewide headline, watch fees, assessments, and utility charges alongside your tax line to calculate true net savings, recognize that a 5% assessment cap is not a promise your bill can only rise 5%, and remember that the amendment does nothing for insurance, condo assessments, or mortgage rates, which is why the honest bottom line is not yes or no but read the fine print.