Florida Amendment 1 (Budget Stabilization Fund) is on the November 3, 2026 ballot. 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% each year unless certain conditions are met, and allow the Legislature to withdraw funds for critical state needs.
What a yes or no vote means
Read the certified ballot question
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% each year unless certain conditions are met, and allow the Legislature to withdraw funds for critical state needs.
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About this measure
Florida's citizen initiative can propose only constitutional amendments; there is no statute initiative or veto referendum. Petitions need signatures equal to 8 percent of the last presidential vote (880,062 for 2026), spread across at least 14 of 28 congressional districts, and the Florida Supreme Court reviews each initiative for single-subject compliance and clear ballot language. Amendments also reach the ballot by a three-fifths vote of both legislative chambers, and every amendment, however proposed, needs 60 percent voter approval to pass.
Wording above follows the certified ballot language; The Ballot Brief does not take positions on measures.