Florida Amendment 1: Budget reserves
Florida · Constitutional amendment · Budget · Statewide decision
Explanation reviewed 2026-10-27. AI-written and checked against linked official evidence; not an election-office summary.
AI-written summary
Would raise the maximum to 25% and require annual transfers of the lesser of $750 million or the amount needed to reach it, subject to exceptions. Withdrawals for critical needs remain possible.
What applies now
The Budget Stabilization Fund has a constitutional maximum equal to 10% of general-revenue collections.
If yes / for
Adopt the higher reserve ceiling and transfer rules.
If no / against
Retain the existing reserve framework.
Costs and funding
Would redirect up to $750 million annually into reserves, subject to the ceiling and exceptions; this is not an estimate of new tax revenue.
Timing
Implementation date not independently established in this baseline.
Passage rule
At least 60% of votes cast on the amendment.