Resolution 28, introduced by Bergstrom, proposes an amendment to the Oklahoma Constitution that would add new Sections 44 and 45 to Article X. This amendment mandates that county boards of equalization calculate a "revenue neutral rate" for ad valorem taxes each year, which is defined as the tax rate that would generate the same revenue as the previous year. The county assessor is required to include this rate on tax rolls, and any taxing jurisdiction wishing to levy a rate above this revenue neutral rate must follow a specific procedure, including public notification and a public hearing. If a governing body fails to comply with these requirements, they must refund any excess tax collections to taxpayers.

Additionally, the resolution requires county assessors to provide annual statements to property taxpayers detailing current and proposed millage rates, the revenue neutral rate, and the purpose of any proposed revenue increases. The measure aims to enhance transparency in tax levies and ensure that taxpayers are informed about potential changes to their property taxes. The proposed amendment will be submitted to voters for approval or rejection, with an effective date set for January 1, 2028, if passed.