This resolution proposes an amendment to the Constitution of the State of Alaska that mandates the governor to submit a balanced budget to the legislature. Specifically, it amends Article IX, Section 12, to require the governor to present a budget that outlines all proposed expenditures and anticipated income for the upcoming fiscal year. Additionally, the amendment stipulates that the governor cannot propose a budget that exceeds the available fund balances and anticipated revenues, excluding certain funds such as the budget reserve fund and excess income from the permanent fund.

Furthermore, the resolution includes a new section in Article XV, stating that this amendment will take effect for budgets submitted by the governor on or after January 1, 2027. The proposed amendment will be presented to the voters of Alaska during the next general election, in accordance with the state's constitutional and election laws.