Budget Stabilization Fund
Raises the maximum Budget Stabilization Fund balance from 10% to 25% of general revenue. Requires annual transfers of the lesser of $750 million or the amount needed to reach 25%, subject to conditions; permits withdrawals for critical state needs.
YES Adopts the new reserve limit, transfer requirement and withdrawal authority.
NO Keeps the current constitutional reserve framework.
Official ballot wording
Proposing an amendment to the State Constitution to increase the amount of funds that may be retained in the budget stabilization fund from 10% to 25% of general revenue collections, require the legislature to transfer the lesser of $750 million or the amount required to reach 25% of the general revenue collections each year unless certain conditions are met, and allow the legislature to withdraw funds for critical state needs.
Official amendment wording · Checked September 9–27, 2026


