The proposed resolution seeks to amend Article XI of the Arizona Constitution by adding Section 12, which focuses on the funding and services for education in the state. It establishes that the annual distribution rate from the permanent fund, designated for the benefit of common schools, cannot be reduced below its current level until the fiscal year 2035-2036, unless a three-fourths majority in both legislative houses approves such a reduction. This measure aims to ensure stable funding for kindergarten and primary and secondary education.

Additionally, the resolution mandates 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 is required to differentiate between performing and underperforming teachers, establish reporting and auditing requirements, and ensure that salary schedules are updated. Furthermore, it stipulates that funds must be allocated equitably among eligible teachers and that the compensation must supplement existing teacher salaries rather than replace them. The resolution will be submitted to voters at the next general election.