school districts; expenditure limitation

HCR 2050 is a proposed constitutional amendment that would establish annual spending limits for Arizona school districts and community colleges. It requires the Economic Estimates Commission to calculate each year’s spending cap by adjusting 1979-1980 local revenue expenditures for changes in student population and cost of living, then applying a 10% multiplier. The amendment excludes specific funding sources (like bond proceeds, federal grants, and tuition) from the cap calculation. If approved by voters, this would limit total school district spending growth unless the legislature passes a two-thirds vote concurrent resolution allowing an exception. The bill is currently in early legislative stages (House first/second reading) and requires voter approval to take effect.