The joint resolution proposes an amendment to the Florida State Constitution that introduces a new homestead exemption for property taxes, specifically for levies other than school levies. This exemption would be equal to 25% of the remaining assessed value of the property after applying existing exemptions. Additionally, the resolution seeks to prohibit counties and municipalities from reducing their total funding for law enforcement services below the amounts budgeted in either the 2025-2026 or 2026-2027 fiscal years, whichever is higher. The proposed changes aim to provide financial relief to homeowners while ensuring stable funding for law enforcement.

If approved, the amendments would take effect on January 1, 2027, and would be presented to voters for approval or rejection at the next general election or an earlier special election. The resolution outlines the specific adjustments to the existing tax exemption provisions and establishes a framework for the prohibition on funding reductions for law enforcement, thereby reinforcing the commitment to both property tax relief and public safety funding in Florida.