school districts; aggregate expenditure limitation

SCR 1043 is a proposed constitutional amendment that would establish a statewide spending cap for all Arizona public school districts. It requires the state to calculate an annual limit based on 1979-1980 local spending adjusted for student population changes and inflation, then multiplied by 1.10. School districts would generally be prohibited from exceeding this cap for local revenue expenditures, though the legislature could override it with a two-thirds vote. The cap excludes specific funding sources like bond proceeds, federal grants, and certain local taxes, focusing only on other local revenue streams.