Bill > HB2637

This bill updates Arizona Revised Statutes section 41-563 to adjust how aggregate expenditure limitations are calculated for school districts, moving the base year for these calculations from fiscal year 1979-1980 to fiscal year 2026-2027, and the base student population year from 1978-1979 to 2025-2026, with the GDP price deflator base year shifting from 1978 to 2023. The "Economic Estimates Commission" (the "commission") is responsible for these calculations, which determine the maximum amount of local revenues that political subdivisions, including school districts, can spend annually, as mandated by the Arizona Constitution to control government spending. The bill also makes minor technical changes, such as updating references to government agencies and clarifying language, and specifies that these changes will apply to fiscal years beginning after June 30, 2027, contingent on a constitutional amendment being approved by voters.

Education

https://apps.azleg.gov/BillStatus/BillOverview/84452