2026 Amendment 1

Amendment 1- BUDGET STABILIZATION FUND  VOTE NO

Gov. Ron DeSantis (R-FL): "This is a foolish constitutional amendment proposal. We already have a maxed out rainy day fund and have run the largest surpluses in state history. Any additional revenue should be used for lower taxes, including assisting local governments with grants so that homestead properties can be exempt from local property tax. Surplus revenue could also be used to remove tolls once the property tax issue is settled. I recommend a NO vote.

Florida's Reserve Fund Proposal

• Expanding the Maximum Fund Capacity: The measure proposes to lift the ceiling on the state's Budget Stabilization Fund from 10% to 25% of net general revenue collections.  
• Enforcing Regular Contributions: Lawmakers would be mandated to make yearly transfers into the rainy day account, contributing either $750 million or whatever amount is necessary to reach the new 25% limit, whichever is lower.  
• Outlining Withdrawal and Suspension Criteria: Accessing these accumulated reserves or pausing the annual contribution would be subject to strict parameters, such as a two-thirds legislative vote for critical state needs or exemptions triggered by prior-year withdrawals.