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Bill

SJR 1908

Budget Stabilization Fund

2025 Regular Session Introduced by Ed Hooper

Florida constitutional amendment (passed as HJR 5019) modifying the Budget Stabilization Fund's structure, withdrawal rules, or funding mechanisms to alter state fiscal reserve management.

Laid on Table, companion bill(s) passed, see HJR 5019 (Passed)
#(adopted) #constitutionalamendments
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Bill Summary · SJR 1908

Legislative bill overview

SJR 1908 proposes a constitutional amendment to modify Florida's Budget Stabilization Fund (also called the "Rainy Day Fund"). The bill was substituted by HJR 5019, which ultimately passed, making the details of this specific joint resolution superseded by its companion legislation.

Why is this important

Budget stabilization funds serve as fiscal reserves during economic downturns or revenue shortfalls, affecting the state's ability to maintain services without emergency spending cuts or tax increases. Changes to how these funds operate directly influence Florida's fiscal flexibility and long-term budget management during recessions or crises.

Potential points of contention

  • Fund accessibility vs. fiscal discipline: Modifying withdrawal rules or thresholds could make funds more readily available for current spending but reduce the cushion for genuine emergencies
  • Revenue allocation trade-offs: How much revenue is directed to the stabilization fund versus current budget priorities affects immediate program funding
  • Constitutional amendment process: Amending the state constitution requires voter approval, raising questions about whether this change merits that high threshold

Compiled from official sources — confirm details with the bill’s official record.

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