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🌧️ Today's weather: Showers and thunderstorms likely, with a high of 84 and a low of 76.

🎶 Sounds like: "BIG MONEY" by Jon Batiste

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Today’s newsletter is 1,075 words — a 4-minute read.

Gov. Ron DeSantis and the Florida GOP declared victory for Amendment 3 last night, as the measure that lowers homeowners' property taxes statewide appeared to clear the threshold for passage.

Why it matters: Homeowners get much-needed relief, but local governments will now need to fill the funding gap and address the billions in projected revenue loss.

Driving the news: The measure sat at 62% support with more than 95% of votes in, according to a New York Times tracker based on Associated Press data. It needed 60% support to pass.

• Multiple news outlets also reported that it was on track to pass.

Catch up quick: The amendment increases the homestead exemption from $50,000 to $150,000 by 2027 and then to $250,000 by 2028.

• It also limits how local governments spend tax revenue to areas such as public safety, education, infrastructure and debt obligations.

Between the lines: Opponents of the amendment, including the Florida Sheriffs Association, warned the loss of property tax revenue would threaten public safety and strain local government services.

• Also at risk is funding for hospitals, nonprofits, parks and libraries.
• Supporters argued local governments needed to learn to balance their budgets more efficiently.

Go deeper: What we're watching

Opponents of a proposal to redevelop the Rickenbacker and Marine Stadium marinas declared victory following a heated election cycle that topped a combined more than $3 million in spending from both sides.

Why it matters: The rejection sends a strong message to elected officials that many Miamians are fed up with outside, private development at the cost of local, beloved institutions.

The latest: Miami's Referendum 3 was rejected by more than 65% of the vote yesterday, according to unofficial results from the county's Supervisor of Elections.

• The ballot item called for the city to enter into a lease with a private developer to manage and renovate nearly 28-acres of marina properties, adding new docks, boat storage, improved restaurant spaces and a public baywalk.

Catch me up: In recent months, the ballot item became one of the most-discussed issues locally this election, arguably because of its connection to Gramps Getaway, the beloved marina restaurant.

• In August, owner Adam Gersten took to social media, urging Miami residents to "Save Gramps" by voting "No." His message quickly spread online.
• Within weeks, questions about who gets to call Miami home and who its future is being built came to the forefront, with Gersten launching information sessions at the restaurant, encouraging folks to canvass and phone bank about the referendum and important election deadlines.
• Local bars organized panel discussions about the city's future, while other local establishments held weekly elections series to educate residents about the midterms.

Those in favor of the proposal argued the deal would revamp the aging marina into a "more active, welcoming waterfront destination" at no cost to taxpayers.

• Those opposed, like Gersten, said it was an under-market deal struck a decade ago.

Keep reading: What Gersten said

The race for Miami's District 27 in Congress was separated by less than 1 percentage point last night — and the Associated Press had not projected a winner.

• Republican Rep. María Elvira Salazar was narrowly ahead of Democrat Eliott Rodriguez and declared victory around 10pm, according to the Miami Herald.
• Earlier in the evening, Rodriguez said the race was too close to call.

Why it matters: President Trump won the district by 15 percentage points in 2024, but a big Democratic turnout in Miami-Dade has made the race tighter than predicted.

• Election forecaster Cook Political Report had originally labeled Salazar's seat "safe" but said backlash to Trump's immigration policies made it a tighter race that anticipated, WLRN has reported.

Driving the news: Unofficial preliminary results had Salazar up by about half of 1 percentage point as of last night. A margin at or below 0.5% would trigger a machine recount.

• Both candidates are Cuban American former TV journalists, and immigration was a big theme of the race.
• Salazar has attempted to distance herself from Trump by releasing an ad saying his immigration policies had gone too far, which Rodriguez called a "desperate political stunt."
• Trump endorsed Salazar in the race.

In the governor's race, U.S. Rep. Byron Donalds defeated Democrat David Jolly, keeping the office in Republican hands, the Associated Press projected.

Why it matters: Donalds' victory makes him Florida's first Black governor and extends the GOP's decades-long hold on a onetime swing state.

• The race was close, with Donalds leading by less than 2% when the AP called the race in his favor.

Driving the news: Donalds, a close ally of President Trump, will succeed term-limited Gov. Ron DeSantis.

In Florida's Senate race, Republican Sen. Ashley Moody defeated progressive Democrat Angie Nixon to keep the seat in GOP hands, the AP projected.

Yes, but: Nixon also kept it close, getting to within 3 percentage points of Moody when the AP called the race, despite Republicans outnumbering Democrats in Florida by 1.5 million registered voters.

• In Miami-Dade, Nixon appeared to lead Moody with 53% of the vote.

Miami-Dade's voter turnout was over 60% — higher than any other midterm election in over 20 years, according to the Herald.

Here are some of the other results

Miami-Dade Commission District 5: Conservative incumbent Commissioner Vicki Lopez was on track to defeat progressive challenger Rob Piper in this non-partisan race.

• Her win maintains Republican control of the county commission, according to the Miami Herald.

Miami-Dade School Board District 1: Linda Cothiere appeared headed for victory over Katrina Wilson.

County and local referenda: Voters were on track to approve Referendum 1, which would create an independent salary board to decide county commissioner compensation.

City of Miami Referendum 1: Voters appeared to approve the proposal to let the city borrow $450 million to build a new public safety headquarters and fire stations.

School Board referendum: Miami-Dade voters were on track to overwhelmingly back a proposal to extend a property tax to help increase teacher pay and fund campus safety.

🇵🇹 Martin recommends Moh Cafe in Dania Beach for pasteis de nata made fresh every morning!

😵‍💫 Sommer is very much over this rain. Time for sunshine.

Thanks to Jeff Weiner for editing.