The resolution SCR1003 proposes an amendment to the Arizona Constitution regarding the compensation of state legislators. If approved by voters, it would allow for the annual adjustment of legislators' salaries based on inflation or deflation, as measured by the Consumer Price Index, starting from the calendar year in which the salary was last approved. The adjusted salary would take effect on the second Monday of January each year. The resolution also outlines the establishment of a Commission on Salaries for Elective State Officers, which would recommend salary rates for elected officials, including legislative salaries, to the Governor and the legislature.

Additionally, the resolution mandates that any changes to legislative salaries must be certified and submitted to voters for approval during the next general election. The proposed amendment aims to ensure that legislators' compensation keeps pace with economic changes, thereby maintaining its value over time. If the amendment is approved by voters, it will become effective upon the Governor's proclamation.