The proposed joint resolution seeks to amend the Wyoming Constitution by creating Article 2, Section 2, which clarifies that the power and control of taxation and spending 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 those exercising this power are elected officials with terms not exceeding four years. Additionally, the legislature may 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 develop a funding formula for the operational costs of public schools, which will be subject to judicial review for constitutional compliance. However, the amount appropriated based on this formula will not be subject to judicial review. In cases where the appropriation is insufficient to meet the funding needs outlined in the formula, the spending will be uniformly reduced. This amendment aims to delineate the powers of taxation and spending within the state government and ensure a structured approach to funding public education.