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Posted on 10/07/2026 9:51:07 AM PDT by Red Badger
Florida voters will decide three certified statewide constitutional amendments on the November 3, 2026 general election ballot, all placed by the state legislature. Each measure requires 60% approval to pass.
Amendment 1 (Budget Stabilization Fund):
Increases the cap on the state’s "rainy day" fund from 10% to 25% of net general revenue and mandates annual transfers of the lesser of $750 million or the amount needed to reach that cap, allowing withdrawals for critical state needs.
Amendment 2 (Agricultural Property Tax Exemption):
Exempts tangible personal property used for agricultural production or agritourism—such as farm equipment and tools—from local property taxes, effective for the 2027 tax year.
Amendment 3 (Save Our Homes From Excessive Property Taxes):
Raises the non-school homestead exemption to $150,000 in 2027 and $250,000 in 2028 (indexed to inflation thereafter), reduces the annual assessment increase cap for non-homestead properties from 10% to 5%, and requires new residents to establish Florida residency for five years before qualifying for the increased exemption.
Many other proposed initiatives, such as those for marijuana legalization, electronic petition signatures, and term limits, did not qualify for the 2026 ballot due to signature shortfalls or legal challenges.
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Living here in Florida, Amendment 3 is the big one and will bring out the voters.
Most of the city and county governments including the Sheriffs in Florida are claiming that passing Amendment 3 will be Armageddon for them as they will face massive budget cuts. They are running TV Ads everywhere.
The problem is the city and county governments around Florida have seen a gusher of money in the last few years with rising property values because of all the people moving to Florida and they been on a spend spree like you can’t imagine.
I wasn’t happy that the legislature didn’t put forward what DeSantis requested. DeSantis said that many cities and counties had been audited and he believed that the property tax amendment didn’t go far enough.
But this is a substantial decrease in property taxes and lowering the amount the counties can raise it annually from 10% to 5% will help keep the taxes down.
Just received an unsolicited mail in ballot.
On amendment 3, anything to keep the career political class in check.
No question, the amendment could have been better but I’m not going kill something that is pretty good versus the perfect plan.
Consider what Blue States have on their ballots, every new form of increasing taxes imaginable.
I say this to Floridian, if you think there has been a stampede of people moving to Florida, if this Amendment passes, it will do nothing but increase the stampede.
If you are in a Blue State paying incredibly high property taxes and you find out that Florida has no state income tax and has substantially lowered their property taxes, even though newcomers have to wait 5 years to get the new homestead exemptions, this could be the final straw to make them pack up and move to the Sunshine State.
I told my wife, the cities and counties are claiming it’s going to be financial Armageddon if this amendment passes, I seriously doubt that but if it is, then pass a 1-2 cent sales tax increase that no one will feel, the tourists will pay a huge part of that and it will likely raise more revenue than they are collecting now.
I just asked Grok, if the State of Florida were to pass a 1 cent increase in the State Sales tax, approximately how much revenue would that generate, the answer was 6.5 to 7 billion dollars.
Pass that money around to the Cities and Counties combined with any local sales tax increase and the cities and counties would have a gusher of money coming in.
this could be the final straw to make them pack up and move to the Sunshine State.
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Now you’re scaring me!
It will prove no good deed goes unpunished.
Milton Friedman:
“I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible ... because I believe the big problem is not taxes, the big problem is spending.”
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