What Is Florida's Amendment 1 and Why Is Gov. Ron DeSantis Against It Approaching the November Election?
The measure would raise the reserve fund cap to 25% and require annual deposits of up to $750 million, while DeSantis calls it foolish.
- On Monday, the Florida GOP officially endorsed Amendment 1, a ballot measure expanding the state's budget stabilization fund set for voters on Nov. 3.
- Originally created with 83% voter approval in 1992, the rainy day fund was last used during the 2008 Great Recession, prompting lawmakers to place this measure on the ballot.
- Amendment 1 would increase the reserve cap from 10% to 25% of general revenue, requiring annual deposits of up to $750 million, with 60% of votes needed to pass.
- Florida Gov. Ron DeSantis broke with his party, calling the proposal "foolish" on X and arguing the state already has a "maxed out" fund and surplus revenue should fund lower taxes.
- Opposing the amendment, Florida Education Association President Andrew Spar pointed to public school funding ranking 43rd nationally and argued against enshrining budget priorities in the state constitution.
11 Articles
11 Articles
Florida Amendments 1, 2 offer rainy-day fund boost, tax break
Amendments 1 and 2 on the Florida ballot seek to increase the savings cap of the state's "rainy day" fund and to exempt tangible personal property on agricultural land from ad valorem taxation, respectively. Here's what critics are saying:
Sun-Sentinel
Orlando SentinelDeSantis splits with Florida GOP on reserve fund amendment
In contrast to the state Republican Party, Florida Gov. Ron DeSantis has come out against Amendment 1, which would increase the amount of money lawmakers can put into a key reserve fund.
‘Foolish:’ Gov. DeSantis blasts Florida Republicans over new amendment proposal
While DeSantis and the Florida GOP have both officially endorsed a new property tax proposal, they split ways when it came to another amendment that will go before voters later this year.
Florida Skeptical as DeSantis Clashes With GOP Over Reserve Fund Amendment: 'DeSantis Pretends to Not Be a Republican Sometimes'
Florida Governor Ron DeSantis has recently opposed Amendment 1, which would significantly increase the cap on the state’s budget stabilization fund. The decision was at odds with what was previously backed by Florida’s Republican Party, which caused many residents to be skeptical about whether DeSantis was really against the measure or if the move was entirely performative. As reported by NBC Miami, the amendment proposes to increase Florida’s b…
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