This bill establishes a new section in the Florida Statutes, specifically section 17.326, which mandates the inclusion of a "local government spending analysis" in certain tax referendums. The term "local government spending analysis" is defined as a statement prepared by the Department of Financial Services or its agency, which evaluates the spending of a county government. If such an analysis is prepared, it must be included in any referendum that proposes an increase in county taxes.

Additionally, the bill grants the Department of Financial Services the authority to adopt rules for implementing this section, including setting standards and requirements for the local government spending analysis. The act is set to take effect on July 1, 2026.