STATE GOVERNMENT REVENUE LIMITATION

Reference:
ARTICLE VII, SECTIONS 1 AND 19 AND ARTICLE XII, SECTION 32

Summary:
  View Full Text (pdf)
This proposed amendment to the State Constitution replaces the existing state revenue limitation based on Florida personal income growth with a new state revenue limitation based on inflation and population changes. Under the amendment, state revenues, as defined in the amendment, collected in excess of the revenue limitation must be deposited into the budget stabilization fund until the fund reaches its maximum balance, and thereafter shall be used for the support and maintenance of public schools by reducing the minimum financial effort required from school districts for participation in a state-funded education finance program, or, if the minimum financial effort is no longer required, returned to the taxpayers. The Legislature may increase the state revenue limitation through a bill approved by a super majority vote of each house of the Legislature. The Legislature may also submit a proposed increase in the state revenue limitation to the voters. The Legislature must implement this proposed amendment by general law. The amendment will take effect upon approval by the electors and will first apply to the 2014-2015 state fiscal year.

Related Links:
http://www.flsenate.gov/
Track Bill: CS/SJR 958

Sponsor:
The Florida Legislature

Status: Defeated
Made Ballot: 06/13/2011 
Ballot Number: 3  
Election Date: 11/06/2012 
 Votes For: 3,204,653   
 Votes Against: 4,346,829   




Get Adobe Acrobat Reader at Adobe.com