Florida’s 3 statewide amendments: Here’s what your Yes or No vote would do – News4JAX

Florida’s 3 statewide amendments: Here’s what your Yes or No vote would do  News4JAX

We know the legalese and political language that wind up on the ballot can be confusing, so we’re breaking down what voters need to know about what a yes or a no will mean for each amendment. JACKSONVILLE, Fla. – Florida voters will decide on three statewide amendments on their 2026 ballots. To pass, each needs at least 60% of voters to say yes. VOTER’S GUIDE: Check out info on the candidates and local referendums on your ballot Florida’s Budget Stabilization Fund, created in 1992, is a reserve the state can use during revenue shortfalls or emergencies. All 50 states have some form of such a fund, but they are paid for and administered differently.

Currently, the Florida Constitution caps the Budget Stabilization Fund at 10% of the previous year’s general revenue collections, and requires that it not fall below 5%. That means the current maximum for the fund is about $5 billion. 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