The resolution proposes an amendment to Article IX, Section 21 of the Arizona Constitution concerning expenditure limitations for community college districts. The amendment aims to adjust the expenditure limitations by considering changes in student population and cost of living since the fiscal year 1979-1980. It also defines terms such as "cost of living," "expenditure," "local revenues," and "student population" to clarify what is included in the calculation of expenditure limitations. The amendment removes previous provisions related to school districts, focusing solely on community college districts.

The resolution specifies that the Economic Estimates Commission is responsible for determining and publishing the expenditure limitation for each community college district before April 1 of each year. It also outlines what is excluded from local revenues and provides guidelines for adjustments to the expenditure limitations in cases of governmental function transfers, annexations, new district creations, consolidations, or boundary changes. The act will apply to fiscal years starting after June 30, 2025, and the Secretary of State is tasked with submitting the proposition to voters at the next general election.