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An election for governor of Florida was held on November 8, 1994. Incumbent governor Lawton Chiles, a Democrat, survived a strong challenge from businessman Jeb Bush, a Republican, to win re-election. This race was the second closest gubernatorial election in Florida history since Reconstruction due to the strong Republican wave of 1994.
Democrats held the Governor's Mansion until 1999. As of 2016, this is the most recent election in which a Democrat was elected Governor of Florida.
Incumbent Lawton Chiles was eligible to run for a second four-year term under the Constitution of Florida. In late 1991, Chiles's disapproval rating rose significantly after he cut funds for education in his first budget. Around 75% of Floridians gave him a fair or poor performance rating. The following year, Chiles's approval rating fell to only 22% and his disapproval reached 76% after the state's inadequate response to Hurricane Andrew. His disapproval rating remained as high as 71% into 1993. As a result, some Democrats suggested that U.S. Senator Bob Graham run for a third, non-consecutive term as governor.