The resolution HCR2003 seeks to authorize Arizona school districts to exceed the aggregate expenditure limitation (AEL) for the fiscal year 2025-2026. This AEL, established by Arizona voters in 1980 through Proposition 109, 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. The resolution stipulates that any expenditure beyond this limit requires the approval of at least two-thirds of the members in both the House of Representatives and the Senate.

If passed, this resolution would allow school districts greater flexibility in their budgeting and spending, particularly in response to increased needs or costs that may arise in the upcoming fiscal year. The measure reflects an effort to address potential financial constraints faced by school districts while ensuring that any increase in spending is subject to legislative oversight and approval.