Three amendments on your ballot.
Each needs 60% to pass.

This raises the ceiling on Florida's rainy-day fund (the Budget Stabilization Fund) from 10% to 25% of the prior year's general revenue collections. The 5% minimum stays. Each year the Legislature would have to deposit $750 million, or less if that is all it takes to reach the 25% cap. It may skip the deposit in a year when it draws on the fund for a shortfall or emergency, or when it spends fund money on a 'critical state need.' A separate two-thirds vote can also skip it for a critical need larger than the deposit, but no more than once every five years. Once the balance is above 15%, a two-thirds vote in a standalone bill can withdraw money for nonrecurring critical needs, provided the balance stays at or above 10%.

Takes effect: January 5, 2027, if approved by at least 60% of voters.

“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 critical state needs.”

• BillHJR 5019 (2025 Regular Session, extended)
• House vote100-1 (2025-06-16, as amended)
• Senate vote29-4 (2025-06-16)

Rep. Lawrence McClure (House sponsor). Senate companion was SJR 1908 by Sen. Ed Hooper, labeled 'Similar'; the Senate laid it on the table and took up HJR 5019 instead.

The House Budget Committee’s final analysis says the effect on the state budget is indeterminate but likely insignificant. No state revenue estimate for the measure was found.

• The fund held $4.44 billion in FY 2024-25, 9.3% of the revenue base; the current 10% limit that year was $4.75 billion (House analysis).
• Our arithmetic, not an official estimate: on the same base, a 25% limit would be about $11.9 billion, roughly $7.4 billion more than the fund held, or about 10 years of $750 million deposits before revenue growth.
• The Palm Beach County Democratic Party, which opposes the measure, estimates about $16.4 billion would be set aside over roughly 22 years (as reported by WUSF; its method was not published).

This would remove property tax on farm equipment and other business personal property, such as tractors, harvesters, and tools, when three conditions are met. The property must usually be kept on land classified as agricultural. It must be used to produce agricultural products or for agritourism. And it must be owned by the person who owns or leases that land. The Legislature could set conditions and definitions in general law. Real property (land and buildings) is not affected.

Takes effect: On voter approval; first applies to tax years beginning January 1, 2027.

“Proposing an amendment to the State Constitution to exempt tangible personal property habitually located or typically present on land classified as agricultural, used in the production of agricultural products or for agritourism activities, and owned by the landowner or leaseholder of the agricultural land from ad valorem taxation. If approved this amendment would first apply for tax years beginning January 1, 2027.”

• BillCS/HJR 1215 (2025 Regular Session)
• House vote110-1 (2025-04-25)
• Senate vote37-0 (2025-05-02)

House State Affairs Committee and Rep. Danny Alvarez. Co-introducers: Barnaby, Chamberlin, Fabricio, J. López, Maggard, Owen, Salzman, Yarkosky. The identical Senate companion was SJR 318 by Sen. Keith Truenow, which died on the calendar after the House version passed.

The Revenue Estimating Conference found no effect on state revenue and a recurring loss to local governments.

• $31.0 million a year less in local property tax, beginning FY 2027-28 (the conference’s final estimate, cited in the House’s final analysis; an earlier figure was at least $28.7 million).
• Businesses already receive a $25,000 exemption on tangible personal property (WUSF).
• House staff cited USDA figures: 784 Florida farms reported $39.9 million in agritourism revenue.