Amendment 1: Budget Stabilization Fund
Source: floridaelectionwatch.gov
What does this measure do?
Supports: Government Spending Reduction
Florida could hold up to 25% of last year's revenue in its rainy-day fund, up from 10%, with lawmakers depositing up to $750 million a year until it is full. The state would have more savings for emergencies, with little expected cost to taxpayers.
Read the official ballot measure (PDF)
Proposed by: Florida Legislature (House Joint Resolution 5019, Rep. Lawrence McClure)
Rep. McClure is a Republican from House District 68 in Hillsborough County. The House passed it 100-1 and the Senate 29-4.
Source: flsenate.gov
A YES vote means
Florida's rainy-day fund could grow to 25% of revenue, lawmakers would have to add up to $750 million a year, and withdrawals would be limited to critical needs.
A NO vote means
Florida keeps the 10% cap and its current rules for the rainy-day fund.
No financial records found for this ballot measure.
Sources: constitutionalinitiatives.dos.fl.gov · flsenate.gov
Source: miamidade.gov