This bill proposes several updates to the Arizona Revised Statutes concerning school district budgets. Key changes include the insertion of new language that allows unified school districts to request new override authorizations for one or more budget years based on their combined revenue control limits after unification. Additionally, the bill clarifies that if a unified school district's request for override authorization is approved, it will replace any existing override for each budget year for which the authorization is granted. The bill also modifies the definition of "budget year" to specify that it refers to a fiscal year for which the school district is budgeting and one of the three fiscal years immediately following the current year.

Furthermore, the bill introduces new requirements for school districts to prepare and furnish proposed budgets for the next three fiscal years, rather than just the upcoming budget year. It mandates that the governing board submit the proposed budget to the Department of Education, which will display this information on its website. The bill also emphasizes that any budget increase authorized by voters will be included in the aggregate budget limit for each year authorized, and it allows for the possibility of requesting new budget increases under certain conditions. Overall, these updates aim to enhance the budgeting process and provide clearer guidelines for school districts in Arizona.