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Abortion-rights amendment backers want rewrite of finance info on ballot that's now 'outdated' • Florida Phoenix

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Abortion-rights amendment backers want rewrite of finance info on ballot that's now 'outdated' • Florida Phoenix

Within days of a momentous Florida Supreme Court ruling authorizing a referendum to restore abortion rights, the group pushing the initiative rushed to file a lawsuit to ensure that the ballot language describing its financial implications doesn’t mislead voters.

Floridians Protecting Freedom, sponsor of the proposed Amendment 4, claims the financial impact statement now planned “is fatally flawed.”

“First, it largely presents outdated information about the legality of abortion under statutes and litigation unrelated to Amendment 4; second, the inclusion of such information renders it confusing, ambiguous, and misleading; and third, it highlights the potential of future litigation, which is speculative,” the organization said in a 17-page civil complaint filed Friday in Leon County Circuit Court, in Tallahassee.

“Because the [financial estimate] is unclear, confusing, ambiguous, misleading, and inaccurate, voters will be prevented from casting an informed ballot,” the document adds.

In a written statement to the Phoenix, the campaign appeared to play down the significance of the lawsuit, saying the Financial Impact Estimating Conference (FIEC), which drafted the impact statement last November, needs a court order to revise it.

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“This is a technical issue, and we look forward to working with the FIEC to resolve it, so voters have accurate information when it comes time to vote on Amendment 4,” the organization said in its statement.

Still, unless the amendment passes (with the constitutionally required 60% of the votes cast), Florida will continue to enforce a draconian ban on abortions conducted after six weeks’ gestation, before many people realize they are pregnant. The ban is set to take effect on May 1.

This appears to be the first time such a situation has arisen, the campaign continued. That’s because on April 1, the same day the court OK’d the initiative for the ballot, it also reversed its own 1989 precedent that the Florida Constitution’s Privacy Clause protects access to abortion. That ruling triggered the countdown to the six-week ban.

Of course, there was no way nearly five months ago for the FIEC to anticipate that ruling, especially in light of the then-pending challenge to the state’s abortion limits, so its members hedged their bets, concluding: “Because there are several possible outcomes related to this litigation that differ widely in their effects, the impact of the proposed amendment on state and local government revenues and costs, if any, cannot be determined.”

The abortion ban ruling, then, “has rendered the current financial impact language outdated and no longer accurate. To our knowledge, this is the first time it has happened that a court ruling following the determination of a financial impact has rendered the financial impact statement inaccurate,” Floridians Protecting Freedom told the Phoenix.

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Economic experts

The conference is a collection of economic experts that regularly advises state government. The suit names the panel plus its four members — Amy Baker, director of the state Office of Economic and Demographic Research, Vince Aldridge, staff director for the House Ways and Means Committee; Azhar Khan, staff director of the Senate Finance and Tax Committee; and Brea Gelin, a chief analyst in the Executive Office of the Governor — plus Secretary of State Cord Byrd.

“Under current statutes, the FIEC may not be able to reconsider the financial impact statement without a court order, so Floridians Protecting Freedom is filing a lawsuit, simply to compel the state to ensure the financial impact statement accompanying the ballot summary of Amendment 4 is accurate. This is a technical issue, and we look forward to working with the FIEC to resolve it, so voters have accurate information when it comes time to vote on Amendment 4,” the campaign told the Phoenix.

As with all proposed constitutional amendments, the financial estimate will appear on the ballot along with a summary of what any amendments would do. The idea is to give voters the best possible assessment of how an initiative would affect taxpayers.

That existing language won’t do, the new lawsuit complains:

“First, it largely presents outdated information about the legality of abortion under statutes and litigation unrelated to Amendment 4; second, the inclusion of such information renders it confusing, ambiguous, and misleading; and third, it highlights the potential of future litigation, which is speculative.”

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Fresh language

The text of the proposed “Amendment to Limit Government Interference with Abortion” says: “Limiting government interference with abortion. — Except as provided in Article X, Section 22, no law shall prohibit, penalize, delay, or restrict abortion before viability or when necessary to protect the patient’s health, as determined by the patient’s healthcare provider.”

Now that the state Supreme Court has settled the ambiguities the group wrestled with, the financial statement needs rewriting, the complaint says.

“The 6-week ban will be in effect at the time of the election, so to accurately reflect Amendment 4’s probable financial impact, the [impact statement] must reflect that reality,” it notes.

It suggests fresh language:

“The Florida Financial Impact Estimating Conference estimated that this proposed amendment will result in decreased costs to state government, no impact to local government revenues or costs, and an overall positive impact to the state budget.”

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Floridians Protecting Freedom asked for a quick ruling.

“Time is of the essence, and this matter should be expedited because the ballots for the 2024 General Election will be mailed to voters starting as early as September 21, 2024. … The ballot’s design must necessarily be finalized, and the ballots themselves printed, before then,” the complaint argues.

According to conference’s analysis, the state recorded 46,011 abortions up to six weeks’ gestation during 2022, or 55.7% of the total of 82,851 that year. There were 81,269 conducted up to 15 weeks’ gestation.

For that reason, the document forecasts broader savings for state and local governments if the amendment passes while the six-week ban remains law, because there would be fewer children going to school, participating in social services, or otherwise drawing tax money. But it gives no hard numbers.

“The FIEC has already developed the financial impact analysis for a scenario that the 6-week ban is in place — Florida’s current reality — so they do not need to revisit their analysis. However, their summary of that impact, which all voters will see, is now inaccurate and needs to be updated to reflect the current reality,” the organization told the Phoenix.

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Finance

How can I illustrate our financial position to a spouse who shows little interest?

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How can I illustrate our financial position to a spouse who shows little interest?

Reader question: My spouse has little interest in our financial position. As we age, this concerns me. I try to share some basic information (income, spending, account balances, debt, and so on) each month but rarely get a response. I think graphs or charts might be of more interest to her than a bunch of numbers. What recommendations would you have for illustrating our financial position so that I am not the only person aware of how we are situated? Thanks!

Answer: Your situation is pretty common. Most couples I know develop a division of labor over time, where one person is in charge of financial matters and the other person is less involved. That’s definitely the case for my husband and me. He’s in charge of paying all the monthly bills and preparing our tax returns, but the financial planning and investment decisions are up to me. This type of arrangement might work well for a long time, but can become less sustainable with age, particularly if the “finance person” in the relationship dies or develops a major health issue.

Online tools and mind maps

Illustrating your financial situation with charts and graphs is a great idea that might help your spouse become a little more involved. Morningstar’s  Portfolio X-Ray  tool includes a variety of images that help illustrate your financial situation. Websites for most major brokerage firms also include some visual tools. Schwab, for example, offers a Portfolio Checkup and a bar graph illustrating your account’s monthly income from dividends and interest income. Vanguard has a Portfolio Watch tool and a variety of performance illustrations, tools, and calculators.

A  mind map, which we used with clients when I worked for a financial advisory firm, can be another way to picture your entire financial situation on one page. There are various  softwaretemplates  for drawing a mind map, or you can simply sketch it out with a large sheet of paper and a pencil. Start with your names at the center of the page. Then draw spokes connecting to various categories, such as names of other family members; investment accounts; real estate and other assets, insurance policies, estate plans, key goals and values, and contact information for accountants, estate planners, and other professionals. It can be helpful to go through the mind map together and make any updates needed at least once a year.

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Other ways to communicate about money

A few other ideas—though not related to charts and graphs—might also be useful.

I like the idea of putting together a  net worth statement  that itemizes cash, taxable accounts, real estate, retirement accounts, and debt for each member of the couple as well as items owned jointly. It’s a good idea to update this document at least once a year and  discuss it as a couple. If you set up the document as a spreadsheet, you can include columns with additional information such as account numbers, what each account is used for, which accounts are subject to required minimum distributions, or tax issues like potential capital gains.

Many couples also put together a  binder  (sometimes humorously called a “Doomsday Book”) that contains information about where to find important paperwork, insurance policies, how bills are paid, what each account is for, steps the surviving spouse will need to take, final wishes, and any other critical information.

A well-qualified financial adviser can bridge the information gap

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Finally, you could consider working with a good  financial adviser,  who can help involve your spouse in financial matters while you’re still living and step in to fully manage investments and personal finance decisions if you pass away before your spouse. Make sure the adviser holds the Certified Financial Planner designation and charges fees that are reasonable. Although a 1% fee is still the industry standard for accounts of $1 million or less, it’s possible to find advisers who charge significantly less, including a few who price their services based on hours worked instead of a percentage of assets under management.

_____

This article was provided to The Associated Press by Morningstar. For more personal finance content, go to https://www.morningstar.com/personal-finance.

Amy C. Arnott, CFA, is a portfolio strategist for Morningstar and co-host of The Long View podcast.

Related links:

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Bill Bengen: ‘Inflation Is the Greatest Enemy of Retirees’

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3 Big Questions to Ask Your Aging Parents

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https://www.morningstar.com/personal-finance/3-big-questions-ask-your-aging-parents

Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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Finance

Proximo Congress 2026: US Energy & Infrastructure Finance | Insights | Mayer Brown

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Proximo Congress 2026: US Energy & Infrastructure Finance | Insights | Mayer Brown

Mayer Brown is a proud sponsor of Proximo Congress 2026. This senior meeting of the US energy, infrastructure, and digital infrastructure finance community is shaped around the questions credit and investment committees are actually asking in 2026: how asset classes are converging, how risk is being priced in a recalibrated policy and geopolitical environment, and how public and private capital are being structured together to deliver projects at scale.

Mayer Brown has also been recognized for three separate awards which will be presented during the event. These awards include:

  • Proximo North America Transport Deal of the Year 2025 – SR 400 Peach Partners
  • Proximo North America Rail Deal of the Year 2025 – Brightline West
  • Proximo North America LNG Deal of the Year 2025 – Port Arthur LNG 2

For more information, visit the event website. 

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Finance

What are nonconforming mortgages and what are the risks?

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What are nonconforming mortgages and what are the risks?

If you have ever taken out a mortgage, you’ll know there are a lot of requirements to meet. You may need to put down a certain amount and have a debt-to-income ratio below a certain threshold. You may also run into limits on how much you can borrow or what sources of income the lender will count.

These rules do not apply to all mortgages — just to conforming mortgages, which is what the majority of borrowers take out. However, mortgage lenders are increasingly offering what are known as nonconforming loans, or mortgages that do not “comply with every one of the strict standards put in place after the housing crisis,” said The Wall Street Journal. While “still a small portion,” the “share of mortgages using alternative lending practices” has “doubled in size over the past three years.”

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