This bill proposes several updates to the current statutes regarding expenditure limitations for political subdivisions, community college districts, and school districts in Arizona. Key changes include the adjustment of the "base limit" for school districts from fiscal year 1979-1980 to fiscal year 2026-2027, as well as the requirement for the commission to report estimated populations and expenditure limits to governing boards and the legislature before specified dates. Additionally, the bill modifies the language surrounding the determination of expenditure limits in the event of county divisions or consolidations, ensuring clarity in the processes involved.

Furthermore, the bill introduces new provisions that require the economic estimates commission to adjust calculations for the aggregate expenditure limitation for fiscal year 2027-2028. It also stipulates that the act will only take effect if a related constitutional amendment is approved by voters in the next general election, applying to fiscal years beginning after June 30, 2027. Overall, these updates aim to modernize the expenditure limitation framework and ensure it reflects current fiscal realities.

Statutes affected:
Introduced Version: 41-563