The resolution SCR1041 authorizes school districts in Arizona to exceed the aggregate expenditure limitation (AEL) for the fiscal year 2025-2026, allowing them to spend local revenues beyond the constitutional cap. The AEL is set based on the spending levels from fiscal year 1980, adjusted for inflation and enrollment, plus an additional 10%. The Economic Estimates Commission is responsible for publishing the AEL annually, and if school districts exceed this limit, they must reduce their expenditures accordingly unless the legislature approves an exception.

For the fiscal year 2026, the AEL is established at $7,081,499,378. The resolution stipulates that the authorization for exceeding the AEL will only take effect if it receives an affirmative vote from at least two-thirds of the members in both the Senate and the House of Representatives. Importantly, there is no anticipated fiscal impact on the state General Fund as a result of this legislation.