The proposed resolution seeks to amend the New Jersey State Constitution to establish the position of an elected State Comptroller while abolishing the Office of State Auditor. The amendment would allow the State Comptroller to be elected by the public for a four-year term, making the position independent from the Governor's influence, as the current State Comptroller is appointed by the Governor with Senate approval. The resolution outlines the qualifications for the State Comptroller, the election process, and the powers and duties associated with the role, which include conducting audits, reviewing public contracts, and ensuring the proper use of public funds.

Additionally, the resolution emphasizes the need for an independent fiscal oversight mechanism in New Jersey, arguing that the current system, where the State Comptroller is appointed by the Governor, limits accountability and effectiveness. By transitioning to an elected State Comptroller, the resolution aims to enhance checks and balances within the state's financial oversight system, ensuring that the Comptroller is directly accountable to the citizens rather than the executive branch. The first election for the State Comptroller is proposed to take place in 2026, with the current State Auditor and State Comptroller continuing their duties until then.