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 must approve the excess spending by a two-thirds majority in both the House and Senate.

The resolution stipulates that the authorization for exceeding the AEL will only take effect if it receives the required legislative approval. This measure aims to provide school districts with the flexibility to utilize local revenues beyond the established spending cap, potentially addressing funding needs that arise due to increased costs or other financial pressures.