Texas Increase Maximum Amount in Economic Stabilization Fund Amendment (2023)

Texas Increase Maximum Amount in Economic Stabilization Fund Amendment
Election date November 7, 2023
Topic State and local government budgets, spending and finance
Status Not on the ballot
Type Constitutional amendment	Origin State legislature

The Texas Increase Maximum Amount in Economic Stabilization Fund Amendment was not on the ballot in Texas as a legislatively referred constitutional amendment on November 7, 2023.

The amendment would have increased the maximum amount allowed in the economic stabilization fund from 10% to 15% of the total amount, excluding investment income, interest income, and amounts borrowed from special funds, deposited into the general fund during the preceding biennium.

Text of measure

Full text

The full text of the amendment can be read here.

Path to the ballot

See also: Amending the Texas Constitution

To put a legislatively referred constitutional amendment before voters, a two-thirds (66.67%) vote is required in both the Texas State Senate and the Texas House of Representatives.

This amendment was introduced as Senate Joint Resolution 56 on February 22, 2023. On April 21, 2023, the state Senate passed SJR 56 by a vote of 29-0 with two absent.

Vote in the Texas State Senate April 21, 2023
Requirement: Two-thirds (66.67 percent) vote of all members in each chamber
Number of yes votes required: 21  a
	Yes	No	Not voting
Total	29	0	2
Total percent	93.5%	0.0%	6.5%
Democrat	12	0	0
Republican	17	0	2

See also

2023 measures

• 2023 ballot measures
• Budgets on the ballot
• 2023 legislative sessions

Texas

• Texas ballot measures
• Texas ballot measure laws

News and analysis

• Ballot measure lawsuits
• Ballot measure readability
• Ballot measure polls

External links

• Texas Senate Joint Resolution 56