The joint resolution proposes an amendment to the Florida State Constitution that aims to increase the homestead property tax exemption by $200,000 for properties insured under a comprehensive multiperil property insurance policy. This amendment would apply to all ad valorem taxation, excluding school district levies. Additionally, the resolution seeks to establish a new section in Article VIII that prohibits local governments from reducing their total funding for law enforcement, firefighters, and other first responders below the amounts budgeted in either the 2025-2026 or 2026-2027 fiscal years, whichever is higher.

If approved, the changes would take effect on January 1, 2027, and the proposed amendment will be presented to voters for approval or rejection during the next general election or an earlier special election. The resolution emphasizes the importance of maintaining adequate funding for first responders while providing tax relief to homeowners, thereby addressing both fiscal and public safety concerns within the state.