Bill > SB1696

This bill amends Arizona Revised Statutes Section 41-563 to update how aggregate expenditure limitations are determined for school districts, shifting the base year for calculating these limitations from fiscal year 1979-1980 to fiscal year 2026-2027, and the base student population year from 1978-1979 to 2025-2026, while also updating the base calendar year for the GDP price deflator from 1978 to 2023. The "commission" refers to the Economic Estimates Commission, which is responsible for these calculations, and the "GDP price deflator" is a measure of inflation used to adjust expenditure limits for economic changes. These changes are intended to modernize the expenditure limitation calculations for school districts and will take effect for fiscal years beginning after June 30, 2027, contingent upon a constitutional amendment being approved by voters.

Education

https://apps.azleg.gov/BillStatus/BillOverview/85344