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Florida constitutional tax amendments

Updated 3 times since CLSTR started tracking revisions of this situation.

What changed

2026-10-01 17:58 UTC → 2026-10-05 13:37 UTC · added removed

Florida is preparing for the November 2026 general election, where voters will consider several constitutional amendments regarding fiscal policy and taxation. Governor Ron DeSantis has voiced opposition to Amendment 1, a Republican-backed proposal to increase the Budget Stabilization Fund cap from 10% to 25% of net general revenue. DeSantis has described the measure as a “solution in search of a problem” and “foolish,” arguing that the state already maintains a maximum rainy day fund and large surpluses. He maintains that additional revenue should be directed toward tax relief or local government grants rather than being locked away. Amendment 3 focuses on property tax reform by proposing an expansion of the homestead exemption. The measure would increase the exemption to $150,000 in 2027 and $250,000 in 2028, while also lowering the assessment increase cap for non-homesteaded properties from 10% to 5%. While proponents argue these changes are necessary to address rising property values, critics and economists warn of significant fiscal impacts. The Florida Policy Institute released a calculator estimating estimated that Amendment 3 could cost local governments approximately $13.7 billion in the first two years. Opponents warn that such As the election approaches, law enforcement officials have joined the opposition. Marion County Sheriff Billy Woods described the potential revenue losses could weaken funding for essential services, including hospitals, libraries, and fire rescue departments. loss from the amendment as a “hidden way of defunding the police.” In anticipation Sarasota County, officials project a loss of $134 million in property tax revenue over the amendment’s potential passage, first two years if the measure passes. These concerns mirror earlier fiscal adjustments made by local governments in Osceola County have begun adjusting fiscal planning. St. Cloud approved a $231 million budget that avoids using prior year reserves, while Kissimmee approved a $321.9 million budget that utilizes $5 million in reserves, implements a hiring freeze, and defers certain capital spending. Osceola County has approved a $3.11 billion balanced budget with $400 million allocated to public safety. manage potential revenue shifts.

Versions

  1. 2026-10-05 13:37 UTC Florida constitutional tax amendments
  2. 2026-10-01 17:58 UTC Florida constitutional tax amendments
  3. 2026-09-30 13:40 UTC Florida constitutional tax amendments
  4. 2026-09-28 04:03 UTC Florida constitutional tax amendments

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