The resolution proposes amendments to the Arizona Constitution, specifically targeting Article IX, Sections 17 and 21, which pertain to expenditures for higher education and school districts. The amendments aim to modify the role and responsibilities of the Economic Estimates Commission, which is tasked with determining and publishing estimated total personal income and expenditure limitations for state revenues and school districts. Notably, starting in the fiscal year 2027-2028, the proposed changes would exempt appropriations made to community college districts and universities under the jurisdiction of the Arizona Board of Regents from the established appropriation limitations.

Additionally, the resolution outlines the process for determining expenditure limitations for school districts, which will be adjusted based on changes in student population and cost of living. It stipulates that any expenditures exceeding these limitations must be authorized by the legislature through a concurrent resolution with a two-thirds majority vote. The Secretary of State is instructed to present this proposition to voters at the next general election, ensuring public input on these significant changes to the state's educational funding framework.