# Florida GOP Endorses Property Tax Cuts and Emergency Reserve Expansion for Nov 2026 Vote
*The Republican Party of Florida officially backs Amendments 1 and 3, aiming to expand the state rainy-day fund and increase homestead tax exemptions by late next year.*

- Medio: Orlando Ledger News (https://orlandoledgernews.com)
- URL: https://orlandoledgernews.com/noticia/florida-gop-endorses-property-tax-cuts-and-emergency-reserve-expansion-for-nov-2
- Sección: Politics
- Autor: Orlando Ledger News Staff
- Publicado: 2026-09-15T07:10:20.989Z
> The Republican Party of Florida has officially endorsed two key constitutional amendments on the November 2026 ballot, focusing on expanding state financial reserves and reducing local property tax burdens for residents.

## Las claves

- Florida GOP backs Amendment 1 (rainy-day fund) and Amendment 3 (property taxes)
- Amendments appear on Nov. 3, 2026 ballot requiring 60% voter approval
- Changes would take effect Jan. 1, 2027 if passed by Floridians

The Republican Party of Florida has officially announced its formal endorsement for Amendment 1 and Amendment 3 on the upcoming November 3, 2026 general election ballot. These two measures, which were placed on the ballot by the Florida Legislature, address critical issues regarding state emergency reserves and local property tax limits across the Sunshine State. Passing either constitutional amendment requires at least a 60 percent approval rating from Florida voters to become law.

### Expanding the Budget Stabilization Fund

Amendment 1 focuses specifically on the state’s Budget Stabilization Fund, commonly referred to as the "rainy-day" fund. If approved by voters, this measure would raise the cap on the reserve from its current level of 10 percent to 25 percent of general revenue collections. The proposal mandates that lawmakers transfer either $750 million or the specific sum needed to reach that 25 percent threshold each year, unless certain conditions are met.

Additionally, Amendment 1 grants the Legislature authority to tap into this fund during critical emergencies. Florida GOP Chairman Evan Power emphasized the party's stance on fiscal responsibility in a recent statement: "Floridians work hard for what they have. Government should not spend it all and then come back for more." He noted that the amendment is designed to keep Florida prepared for storms, economic downturns, and other crises without raising taxes.

### Property Tax Relief for Homeowners

The second endorsed measure, Amendment 3, targets property tax relief across the state. The proposal increases the non-school homestead exemption to $150,000 in 2027 and further raises it to $250,000 in 2028, with future adjustments tied directly to inflation. This expansion is designed to put money back into the pockets of homeowners while ensuring that school district taxes remain unaffected by these changes.

#### Impact on Non-Homestead Properties

Beyond homestead exemptions, Amendment 3 halves the annual assessment cap on non-homestead properties from 10 percent down to 5 percent. The measure also outlines a standardized process for cities and counties to lift homestead exemptions up to a home’s full assessed value, while allowing special districts to do so via local referendum, as this newspaper reported in [Florida Voters Face Critical Choice on Property Tax Relief Amid Miami](/noticia/florida-voters-face-critical-choice-on-property-tax-relief-amid-miami-dade-reven).

Furthermore, the amendment restricts municipal property tax spending to specific categories such as public safety, infrastructure, education, debt service, employee pensions, and core operations. People who are not state residents by December 31, 2026, would start under existing exemption rules before phasing into the higher cap during their fifth qualifying year, consistent with federal law.

### Looking Ahead to November

If passed, these significant changes to Florida's tax and budget structure are set to take effect on January 1, 2027. The party leadership is urging voters to approve all three amendments this November, having previously endorsed Amendment 2 in May 2025 regarding agricultural equipment exemptions.
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Fuente original: https://orlandoledgernews.com/noticia/florida-gop-endorses-property-tax-cuts-and-emergency-reserve-expansion-for-nov-2