The resolution proposes an amendment to the Arizona Constitution, specifically adding Section 12 to Article XI, which focuses on education funding and services. This 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 in both houses of the legislature approves such a reduction. The intent is 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. This program is required to differentiate between performing and underperforming teachers, establish reporting and auditing requirements, and ensure that funds are distributed equitably among eligible teachers. The resolution mandates that the appropriated funds supplement existing teacher compensation rather than replace it, thereby enhancing the overall salary structure for teachers who meet specific performance criteria. The proposal will be submitted to voters at the next general election.