Resolution 26, introduced by Bergstrom, proposes an amendment to the Oklahoma Constitution by adding a new Section 44 to Article X. This amendment aims to impose restrictions on the growth of local government spending and revenue, requiring voter approval for new taxes, tax increases, and the issuance of debt. It establishes a framework for taxpayer refunds if tax levies or spending exceed estimates, mandates disclosures to registered voters regarding ballot issues, and allows citizens to bring legal action to enforce these limitations. The resolution also outlines specific procedures for ballot issues, including the requirement for districts to reserve emergency funds and the conditions under which emergency taxes may be levied.

The proposed amendment seeks to limit annual spending growth based on inflation and population increases, with provisions for refunds if these limits are exceeded. It prohibits new local taxes on property transfers and local income taxes while allowing local governments to offer exemptions or credits for commercial property taxes. Additionally, the amendment requires annual valuation notices to be sent to property owners and provides for the appeal of those valuations. The resolution directs the Secretary of State to present this proposed amendment to the voters for approval or rejection in a future election.