The proposed amendment to the Wyoming Constitution seeks to clarify the control of taxation and spending, explicitly stating that these powers are reserved for the legislative and executive branches of state government. It allows the legislature to delegate local taxing and spending authority to political subdivisions, provided that the individuals exercising this power are elected for terms not exceeding four years. Additionally, the amendment permits the legislature to delegate the payment of debt service and the establishment of taxation rates to the executive branch as a ministerial task, with the judicial branch responsible for enforcing these duties.

Furthermore, the amendment mandates that the legislature create a funding formula for the operational costs of public schools, which will be subject to judicial review for constitutional compliance. However, the amount appropriated for this funding will not be open to judicial review. In cases where the appropriation falls short of the funding required by the formula, the spending for public schools will be uniformly reduced. This amendment aims to reinforce the separation of powers within the state government while ensuring accountability in the management of public funds.