Amendment 3 - Limiting State Government Revenue

[Clearwater Coalition]

This is a proposed amendment to Florida's Constitution that would change the current revenue limitation which is based upon Florida personal income growth, to one based on inflation and population changes. The amendment also directs how excess funds are to be used. Excess funds will first go into the budget stabilization fund. Once that fund has reached its limit, then funds would go to support public school districts that comply with state funded education finance programs. If support is no longer needed at the school district level then the funds would be returned to the Florida taxpayers.

Proposed Amendment Link - election.dos.state.fl.us/initiatives/initdetail.asp?account=10&seqnum=79