Amendment 1: Changes to Budget Stabilization Fund Amendment

Fla is not currently, but desperately needs to be prepared for catastrophic losses and other emergencies

This amendment addresses how much money should be kept in one of the state’s reserve funds, called the Budget Stabilization Fund.

Currently, the fund gets a minimum of 5% of the state’s yearly revenue and a max of 10%. The amendment increases the max to 25% and requires at least an extra $750M per year be put into the fund until the new cap is reached.

The fund already has $5 BILLION in it.

A YES vote on Amendment One means more money goes to that fund to sit there.

A NO vote on Amendment One means the state spends the money it’s collecting in taxes and fees on things that help Floridians TODAY. It means more money for services that are needed NOW instead of saving money for some unknown future date.

A NO vote does not take the $5B in the fund away. The fund stays funded. It just can’t have more than $5B in it.

Vote NO on Amendment One.



League of Women Voters, Florida Education Association, and Tampa Bay Times oppose this measure. The best explanation I can find is in the TBT write up found here.

Here's a quote: "A bigger rainy day fund sounds prudent, but this one is excessive. The fund already holds more than $5 billion, or 9.75% of general revenue, and it isn’t the state’s only reserve. Florida has record reserves by some measures, and more than most states.

The Legislature has tapped the fund just once since its creation in 1992 — during the Great Recession. It remained funded during the 2001 recession and the COVID-19 crisis.

Florida shouldn’t enshrine in the Constitution a requirement to stockpile more money into a fund that is almost never used."

RPOF is a Yes, Governor is a No