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 office 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 a more robust financial oversight mechanism in New Jersey, arguing that the current system, where the State Comptroller is appointed, lacks the independence necessary for effective fiscal monitoring. By transitioning to an elected State Comptroller, the resolution aims to enhance accountability and responsiveness to the public, thereby providing a necessary check on the state's financial practices. The first election for the State Comptroller is scheduled for 2026, and until then, the current system of appointment will remain in place.