Florida Limitation of State Revenue Collections, Amendment 2 (1994)

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IIIIIIIVVVIVIIVIIIIXXXIXII

The Florida Limitation of State Revenue Collections Amendment, also known as Amendment 2, was a legislatively-referred constitutional amendment in Florida which was approved on the ballot on November 8, 1994.

This amendment modified Articles VII and XII of the Florida Constitution to limit state revenue collections to the prior year's allowed revenue plus an adjustment.[1]

Election results

Florida Amendment 2 (1994)
ResultVotesPercentage
Approveda Yes 2,182,411 59.44%
No1,489,26840.56%

Election results via: Florida Division of Elections

Text of measure

The language that appeared on the ballot:

This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.

Limits state revenue collections to the prior year's allowed revenue plus an adjustment for growth based on the growth rate of state personal income over the preceding five years, with excess collections deposited in the budget stabilization fund until fully funded and then refunded to taxpayers. Define "state revenues." Allows the Legislature to increase this limit by 2/3 vote. Requires adjustment of the limitation to reflect transfers of responsibility for funding governmental functions.[1]

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