The Florida Republican Party announced its endorsement of Amendments 1 and 3 Monday, which will appear on Floridians' ballots in the November midterms.

Amendment 1 raises the state's rainy day fund cap from 10% to 25% of general revenue, requires annual deposits of up to $750 million until the fund is full and only lets the state tap into it for critical needs.

Lawmakers approved the joint resolution to put the measure on the ballot in 2025, and intended it as a hedge against a severe downturn in the economy. The last time the reserve fund was used was during the Great Recession in 2008.

Supporters of the amendment framed it as being prepared for the unexpected,

“Floridians work hard for what they have. Government should not spend it all and then come back for more,” said Florida GOP Chairman Evan Power in a press release announcing the endorsement. “Amendment 1 keeps Florida prepared for storms, emergencies, and downturns without raising taxes."

Governor Ron DeSantis wasted no time criticizing it, though.

In an X post Tuesday, Gov. DeSantis wrote, "This is a foolish constitutional amendment proposal. We already have a maxed out rainy day fund and have run the largest surpluses in state history. Any additional revenue should be used for lower taxes, including assisting local governments with grants so that homestead properties can be exempt from local property tax. Surplus revenue could also be used to remove tolls once the property tax issue is settled. I recommend a NO vote."

This is a foolish constitutional amendment proposal. We already have a maxed out rainy day fund and have run the largest surpluses in state history.

Any additional revenue should be used for lower taxes, including assisting local governments with grants so that homestead… https://t.co/umP260lF1A

— Ron DeSantis (@RonDeSantis) September 14, 2026

The amendment will need to garner at least 60% of the vote in the November election to pass.