The resolution proposes an amendment to the Alaska State Constitution that would require the governor to submit a balanced budget to the legislature. Specifically, it adds a new subsection to Article IX, Section 12, stating that the governor cannot propose a budget that exceeds the anticipated revenue for the upcoming fiscal year. This anticipated revenue includes funds from all state departments, offices, and agencies, as well as income from the permanent fund available for appropriation, but excludes money from the budget reserve fund.

Furthermore, the resolution mandates that this proposed amendment be presented to the voters of Alaska during the next general election, in accordance with the state's constitutional and election laws. This initiative aims to ensure fiscal responsibility and prevent budget deficits at the state level.