This concurrent resolution proposes an amendment to the Arizona Constitution, specifically adding Section 12 to Article XI, which focuses on education funding and services. The amendment aims to ensure that the annual distribution rate from the permanent fund designated for common schools cannot be reduced below its current level until the fiscal year 2035-2036, unless a three-fourths majority of the legislature approves such a reduction. This provision is intended to promote stability in educational funding for current and future students in kindergarten through secondary education.

Additionally, the resolution stipulates that any increase in expendable earnings from the fund, resulting from a distribution rate exceeding 2.5% of the average monthly market values over the previous five years, must be allocated to a statewide classroom teacher compensation program until fiscal year 2036-2037. The program will aim to enhance the base salary and salary schedules for eligible classroom teachers, with specific requirements for performance, reporting, and allocation of funds to ensure equitable distribution among teachers. The Secretary of State is tasked with submitting this proposition to voters at the next general election.