Florida ballot questions

Who benefits or is affected

The Florida Budget Stabilization Fund holds the transferred public revenue. The Legislature receives the specified transfer, withdrawal and suspension authority. The amendment makes no direct grant or payment to a company or household.

Costs and tradeoffs

This reallocates public money rather than authorizing a bond or a new tax. The annual transfer is the lesser of $750 million or the amount needed to reach the 25% ceiling. It is not a $750 million annual charge divided equally among voters.

The annual transfer moves general-revenue money into the reserve, subject to the stated exceptions. It does not create a bond.

Critical-needs withdrawals require two-thirds approval in each chamber, a separate bill, an initial reserve above 15% and a remaining balance of at least 10%.

A suspension for a critical need exceeding the required transfer requires two-thirds approval and may occur only once in five years.

Who benefits or is affected

Eligible agricultural landowners and leaseholders who own qualifying equipment or other taxable personal property benefit directly. It is not a general exemption for every household or every business. No named private recipient is specified.

Costs and tradeoffs

Eligible owners would owe less property tax. The foregone local revenue and an individual owner’s savings depend on qualifying taxable value and applicable tax rates; no verified statewide dollar estimate or uniform per-voter cost is included here.

The exemption is limited to property meeting the ownership, location and use requirements; it does not cover all property or every business.

Agritourism is included alongside agricultural production.

Individual savings depend on qualifying assessed value and applicable property-tax rates. The sources reviewed do not establish a uniform cost for other voters.

Who benefits or is affected

Qualifying homestead owners benefit directly. Non-homestead owners, including landlords and commercial owners, can benefit from the lower assessment cap. People who had not maintained a permanent Florida residence by December 31, 2026 receive the existing exemption when eligible; the larger exemption begins with their fifth year of exemption, subject to federal constitutional limits. Renters receive no direct homestead exemption.

Costs and tradeoffs

Official legislative staff estimate $4.95 billion less local non-school property-tax revenue in FY2027–28 and $8.78 billion less in FY2028–29. These are statewide estimates, not personal tax bills. Savings depend on taxable value, exemptions and future local rates. A $250,000 exemption is a reduction in taxable assessed value, not a $250,000 payment.

The larger homestead exemption applies to non-school property taxes. A reduction in taxable assessed value is not a cash payment.

The 5% non-homestead limit concerns assessment growth, not tax rates or the final tax bill.

The larger exemption begins with the fifth year of exemption for people subject to the new-resident limitation, subject to federal constitutional constraints.

Revenue-use rules include specified public purposes and other expenditures approved by local officials unless prohibited by general law. Future local rates and service decisions remain unknown.