The resolution calls for an interim study to address the issue of property tax reduction and the preservation of home ownership, which is considered a vital aspect of the American dream. It highlights the financial strain that rising property taxes impose on homeowners, particularly affecting young families, middle-class households, and retirees on fixed incomes. The resolution emphasizes the Legislature's responsibility to manage taxpayer money wisely and to conduct a thorough review of government spending to identify inefficiencies that contribute to the tax burden on homeowners.

To facilitate this study, the resolution proposes the establishment of an interim committee composed of members from both the House of Representatives and the Senate, including representatives from the minority parties. The committee will also include ex officio members from the Bureau of Finance and Management and the Governor's office. The committee is tasked with gathering input from various stakeholders, including government agencies, local political subdivisions, and private sector representatives, and is required to report its findings and recommendations, along with any proposed legislation, by December 1, 2025.