Florida Ballot Amendment 3on September 21, 2012 at 5:32 pm
ARTICLE VII, SECTIONS 1 and 19 ARTICLE XII, SECTION 32
State Government Revenue Limitation
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.
This one I am tending to favor because of the provision to fund public schools. More if I find out more information.