Establishes expenditure limitations for Arizona school districts and community college districts.

This bill proposes an amendment to the Arizona Constitution to set expenditure limitations for school districts and community college districts. It mandates the Economic Estimates Commission to determine and publish these limitations annually, adjusting for changes in student population and cost of living. The bill also outlines specific exclusions from local revenues and requires a majority vote for exceeding expenditure limits. It applies to fiscal years starting from June 30, 2027, and mandates a uniform reporting system and sanctions for non-compliance.

Establishes expenditure limitations for Arizona school districts and community college districts.

This bill proposes an amendment to the Arizona Constitution to set expenditure limitations for school districts and community college districts. It mandates the Economic Estimates Commission to determine and publish these limitations annually, adjusting for changes in student population and cost of living. The bill also outlines specific exclusions from local revenues and requires a majority vote for exceeding expenditure limits. It applies to fiscal years starting from June 30, 2027, and mandates a uniform reporting system and sanctions for non-compliance.