If enacted, this bill would update current statutes by inserting a new provision that urges the Governor of Arizona to update and resubmit an Executive Budget Proposal that is balanced for the next three fiscal years. This new requirement emphasizes the need for fiscal responsibility and planning in the state's budgetary process.

The bill does not delete any existing language from current law but adds this new directive, thereby enhancing the legislative framework surrounding budget proposals. The intent is to ensure that the Governor's budget submissions are not only timely but also fiscally sound, aligning with the state's financial goals for the upcoming years.