The joint resolution proposes an amendment to Section 19 of Article III of the Florida State Constitution, aimed at enhancing the budget stabilization fund. The amendment seeks to increase the maximum amount that can be retained in this fund from 10% to 25% of the general revenue collections. It mandates that the legislature must transfer either $750 million or the amount necessary to reach the 25% threshold into the budget stabilization fund each fiscal year, unless specific conditions are met that allow for a suspension of this requirement. Additionally, the amendment provides the legislature with the authority to withdraw funds from the stabilization fund for critical state needs, subject to certain criteria and legislative approval.

The resolution outlines a comprehensive framework for state budgeting, planning, and appropriations processes, including requirements for detailed budget requests from state departments and agencies, a long-range financial outlook, and a public review period for appropriation bills. It emphasizes the importance of transparency and accountability in the budgeting process, ensuring that significant expenditures are itemized and subject to legislative oversight. The proposed amendment will be submitted to the voters for approval or rejection in the next general election or a special election authorized by law.