The resolution HCR2065 authorizes Arizona school districts to exceed the aggregate expenditure limitation (AEL) for the fiscal year 2024-2025. This AEL, established by Proposition 109 in 1980, serves as a constitutional cap on the total spending of school districts, calculated based on local revenue expenditures adjusted for changes in student population and cost of living. For FY 2025, the AEL is set at approximately $6.96 billion. The resolution stipulates that any expenditure beyond this limit requires a two-thirds approval from both the House of Representatives and the Senate.

The resolution emphasizes the need for legislative approval to allow school districts to utilize local revenues beyond the AEL, ensuring that the process remains transparent and accountable. This measure aims to provide school districts with the flexibility to address financial needs that may arise, particularly in light of changing educational demands and economic conditions. The resolution was passed by both the House and Senate on June 15, 2024, and subsequently filed with the Secretary of State.