Bill > HB2576

This bill, titled "School funding; inflation adjustment," proposes changes to Arizona Revised Statutes sections 15-185 and 15-961, which relate to school finance. Specifically, it mandates that beginning in fiscal year 2026-2027, the legislature must increase the amount of "charter additional assistance" (extra funding provided to charter schools per student) by at least two percent annually. For fiscal year 2027-2028 and each year thereafter, this increase will be the lesser of two percent or the change in the GDP price deflator (a measure of inflation), ensuring that the funding level does not decrease from the fiscal year 2026-2027 base. A similar provision is added to section 15-961, requiring an annual increase in "district additional assistance" (extra funding for traditional school districts) using the same inflation-adjusted growth rate, also starting in fiscal year 2026-2027 and with a floor set by the 2026-2027 base level.

Budget and Finance, Education

https://apps.azleg.gov/BillStatus/BillOverview/84398