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 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. If school districts exceed this limit, the legislature has the authority to approve additional spending, provided that at least two-thirds of both the House of Representatives and the Senate agree.

The resolution stipulates that the authorization for exceeding the AEL will only take effect if it receives the necessary two-thirds approval from the legislature. This measure aims to provide school districts with the flexibility to manage their budgets effectively in response to financial needs that may arise during the specified fiscal year.