This joint resolution proposes an amendment to Article 4, Section 10 of the New Mexico Constitution regarding legislative compensation. The amendment aims to limit legislative compensation to the annual median household income for New Mexico, with provisions for adjustments based on changes in that income. Specifically, if the median household income decreases, legislative compensation would also be reduced, while increases in compensation would only occur if the median household income rises. The resolution also stipulates that the new compensation structure would take effect for members of the legislature who are seated and sworn in for the fifty-ninth legislature.

The proposed amendment will be presented to the public for approval or rejection during the 2028 general election. This change seeks to align legislative compensation more closely with the economic conditions of New Mexico households, ensuring that lawmakers' pay reflects the financial realities of the constituents they serve.