expenditure limitation; local revenues; exception

SCR 1035 proposes a constitutional amendment to establish annual spending limits for Arizona school and community college districts based on 1979-80 spending adjusted for student population growth and inflation. School districts would face a limit set at 110% of the adjusted base amount, while community college districts would have individual limits based on their own historical spending. The bill defines "local revenues" broadly but excludes specific sources like bond proceeds, federal grants, tuition fees, and certain capital funds. Exceptions allowing spending above the limit would require a two-thirds vote in both legislative chambers via concurrent resolution. This proposal must be approved by voters and the Governor to take effect.