A larger rainy-day fund

What It Does

Raises the state budget-stabilization fund ceiling from 10% to 25% of general revenue. Requires annual transfers of up to $750 million, with exceptions, and permits withdrawals for critical state needs.

The annual transfer is the lesser of $750 million or the amount needed to reach the 25% ceiling; constitutional exceptions apply. The amendment authorizes capacity, not an instant deposit to the full ceiling.

Potential Effects

Possible Benefits

A larger cushion could help Florida absorb recessions, hurricanes and revenue shocks.

Potential Trade-Offs

Required saving competes with current services or tax relief. Broader withdrawal authority could weaken discipline.

A Yes Vote

Approve the larger reserve ceiling, required transfers and expanded withdrawal authority.

A No Vote

Keep the existing reserve-fund rules and 10% ceiling.

Potential effects are analysis, not guaranteed household outcomes. The interactive guide retains the full income and scenario breakdown where evidence is available.

Original Sources