This concurrent resolution proposes an amendment to the New Hampshire Constitution that would establish limits on total annual spending, tax rate changes, and increases in debt for the state and its political subdivisions. Specifically, it would tie these limits to a four-year moving average of inflation (capped at 2.5%) and the annual percentage change in the state's population. Additionally, any excess revenue collected beyond the established limits would be allocated to a rainy day fund or refunded to taxpayers, with provisions for voter approval required for any spending or tax increases that exceed these limits.

Furthermore, the amendment would grant citizens the right to take legal action against the state or local officials if they believe there has been a violation of these spending and tax regulations. If a jury finds in favor of the citizen, they would be entitled to recover attorney's fees and court costs, along with a potential award of up to twenty times those fees. The proposed amendment is set to be presented to voters in the November 2026 general election, and if approved by a two-thirds majority, it would take effect upon the governor's proclamation.