school districts; aggregate expenditure limitation

SCR 1034 proposes a constitutional amendment to establish a yearly spending limit for Arizona school districts on local revenues. The limit would be calculated by adjusting the 1979-1980 local revenue expenditures for all districts, accounting for changes in student population and cost of living, then multiplied by 1.10 (a 10% factor). School districts must stay under this limit unless the legislature passes a two-thirds vote in both chambers to authorize an exception for a single fiscal year. This amendment requires voter approval to take effect and would affect all public school districts in Arizona.