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Florida Amendment 1 (2026): Budget Stabilization Fund

Florida constitutional amendment · on the ballot 2026-11-03 · Status: On the ballot November 3, 2026

floridaconstitutional-amendmentstate-budget

What does this mean?

Official ballot summary

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.

Plain summary

Florida keeps a savings account for emergencies and budget shortfalls, called the Budget Stabilization Fund (often called the "rainy day fund"). Today the Constitution caps it at 10% of general revenue. This amendment would raise the cap to 25%, require yearly deposits (the lesser of $750 million or whatever is needed to reach 25%) unless certain conditions are met, and let the Legislature withdraw money for critical state needs.

PSI Sci plain-language restatement of the official ballot summary above (not an opinion). Source of the official wording: Florida Division of Elections. Read the source.

What a vote does

A “Yes” vote

The Florida Constitution (Article III, Section 19) is changed as described, but only if at least 60% of voters vote Yes.

A “No” vote

The Florida Constitution is not changed; current provisions stay as they are. (If fewer than 60% vote Yes, the amendment fails.)

Florida Constitution, Article XI, Section 5(e): an amendment needs 60% of the votes cast on it.

What does this mean? (plain words)

Official text

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.

Source: PSI Sci plain-language restatement of the official ballot summary above (not an opinion). Source of the official wording: Florida Division of Elections

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Arguments for and against

We show only arguments that a named group has published, word for word, with a link. We have not added any for this measure yet, so we are not showing one side over the other. To read the case made for and against it now:

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Officials and money

Authors: The Florida Legislature

Placed on the ballot by the Legislature as HJR 5019. Bill history, text and recorded votes on the official legislature site.

Money: No cost estimate published yet. No linked contracts or vendors yet.

Words on this page, explained (1)
Legislature
The elected body that makes laws. In Texas it has a House of Representatives (150 members) and a Senate (31 members). In Florida it has a House of Representatives (120 members) and a Senate (40 members).

Plain meanings written from linked sources. All words.

Sources

Record st-fl-2026-amend-01 · catalog st-fl-dos-ballot-measures-2026 · updated 2026-11-03 by builder v003