The resolution SCR1041 authorizes school districts in Arizona to exceed the aggregate expenditure limitation (AEL) for the fiscal year 2025-2026. The AEL, established by the Arizona Constitution, restricts local revenue expenditures for school districts to a level based on fiscal year 1980 spending, adjusted for inflation and enrollment, plus an additional 10 percent. This resolution allows school districts to utilize local revenues beyond this limit, provided it receives approval from at least two-thirds of the members in both the Senate and the House of Representatives.

The resolution is significant as it addresses the financial constraints faced by school districts, enabling them to allocate additional resources for educational needs without being hindered by the AEL. The anticipated AEL for FY 2026 is set at approximately $7.08 billion, and the resolution is expected to have no fiscal impact on the state General Fund. The measure will take effect only upon the required legislative approval, ensuring that school districts can better meet their financial obligations and support their educational programs.