The resolution proposes an amendment to Article IX, Section 21 of the Arizona Constitution, which pertains to expenditure limitations for community college districts. It mandates that the Economic Estimates Commission will determine and publish the expenditure limitations for each community college district before April 1 of each year, based on adjustments reflecting changes in student population and the cost of living. The governing boards of community college districts are prohibited from authorizing expenditures that exceed these limitations unless permitted by law.

Additionally, the resolution outlines definitions related to the amendment, including "cost of living," "expenditure," and "local revenues." It specifies that the legislature will establish expenditure limitations for school districts and create a uniform reporting system to ensure compliance. The proposed changes will take effect for fiscal years beginning after June 30, 2027, and the Secretary of State is tasked with submitting this proposition to voters at the next general election.