HB2852 Summary

• Appropriates $2.601 billion for the Department of Education and Superintendent of Public Instruction for fiscal year 2012-2013, including $2.169 billion for basic state aid to school districts and $303 million for additional state aid

• Establishes a $952.6 million deferral of school district state aid payments from FY2013 to after July 1, 2013, with corresponding appropriation in FY2014

• Appropriates $200 million deferral for Arizona Board of Regents universities from FY2013 to FY2014, to be distributed by October 1, 2013

• Implements statewide adjustments including $25 million health insurance premium holiday, $28.3 million in retirement rate adjustments, and $28.3 million in retention payments for state employees

• Defers $35 million in Department of Economic Security payments for services provided in May-June 2013, to be paid in FY2014