aggregate expenditure limitation; school districts

This proposed constitutional amendment would establish a spending cap for Arizona's school and community college districts based on local revenue, student population changes, and the cost of living. The Economic Estimates Commission would calculate these limits each year, while allowing the legislature to override the cap for a single year with a two-thirds vote from both chambers. The bill defines specific exclusions for the spending limit, such as federal grants, bond proceeds, and tuition fees, to ensure only local tax revenues are counted.