Florida Amendment 1 — Budget Stabilization Fund

What it does

Proposing an amendment to the State Constitution to increase the amount of funds that may be retained in the budget stabilization fund from 10% to 25% of general revenue collections, require the legislature to transfer the lesser of $750 million or the amount required to reach 25% of the general revenue collections each year unless certain conditions are met, and allow the legislature to withdraw funds for critical state needs.

A YES vote means

A yes vote raises the cap on Florida's rainy-day reserve from 10% to 25% of the prior year's general revenue collections and requires the Legislature to move the lesser of $750 million or the amount needed to reach the cap into the fund each year, unless suspended under listed conditions, with two-thirds-vote withdrawals allowed for critical state needs when the balance exceeds 15%.

A NO vote means

A no vote keeps the current 10% cap on the budget stabilization fund with no required annual transfer.

Needed to pass

60% of votes cast

Put on the ballot by

HJR 5019 (2025)

Official text: source

Also on Florida ballots

• Amendment 2 — Exemption of Tangible Personal Property on Agricultural Land
• Amendment 3 — Increased Homestead Exemption; Lower Cap on Non-Homestead Assessments

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