Florida · November 3, 2026 general election
Statewide ballot measures: what your vote means
For each measure: the official ballot title, what a YES vote and a NO vote would do, and what would change, in plain language from official sources. SaveYourState does not take positions on ballot measures.
3 statewide measures are on the ballot. Official sources checked October 26, 2026.
Amendment 1 · Legislatively referred constitutional amendment (Article III, Section 19)
Budget Stabilization Fund
A YES vote means:
The state’s Budget Stabilization Fund could hold up to 25% of general revenue collections instead of 10%, and the Legislature would have to transfer up to $750 million into it each year unless certain conditions are met.
A NO vote means:
The current 10% limit on the Budget Stabilization Fund stays in place.
Amendment 2 · Legislatively referred constitutional amendment (Article VII, Section 3; Article XII)
Property tax exemption for agricultural equipment and property
A YES vote means:
Tangible personal property, such as equipment, that is usually kept on agricultural land, used for farming or agritourism, and owned by the landowner or leaseholder would be exempt from property taxes starting in 2027.
A NO vote means:
This property would remain subject to property taxes as under current law.
Amendment 3 · Legislatively referred constitutional amendment (Article VII, Sections 4, 6, and 9; Article XII)
Higher homestead exemption and lower assessment cap for non-homestead property
A YES vote means:
The homestead exemption from non-school property taxes would rise to $150,000 in 2027 and $250,000 in 2028, the yearly cap on assessment increases for non-homestead property would drop from 10% to 5%, and counties and cities would have to use property taxes for listed purposes such as public safety, schools, and infrastructure; other spending could still be approved by local officials unless state law prohibits it.
A NO vote means:
Current homestead exemptions, the 10% cap on non-homestead assessment increases, and local governments’ use of property taxes stay as they are.
Three amendments referred by the Legislature. Florida publishes the ballot title, ballot summary, and full text; no official financial impact statement is required for legislative amendments, so none is shown.