The joint resolution proposes an amendment to Section 19 of Article III of the Florida State Constitution, aimed at enhancing the state's 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. Additionally, 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, provided there is no revenue shortfall. This amendment also allows for periodic withdrawals from the fund for critical state needs, subject to specific legislative criteria and approval.

The resolution outlines a comprehensive framework for state budgeting, planning, and appropriations processes, emphasizing transparency and accountability. It includes provisions for the annual budgeting process, the format of appropriation bills, and the establishment of a long-range financial outlook to guide budget decisions. Furthermore, it establishes a government efficiency task force to recommend improvements in governmental operations and cost reductions. The proposed amendment will be submitted to voters for approval or rejection in the next general election or an earlier special election authorized by law.