AZ HCR2043

Proposes a constitutional amendment increasing transaction privilege tax (TPT) by 0.6 percent, subject to voter approval, with revenues distributed to education and other state programs through June 30, 2021.

Modifies classroom site fund allocations under section 15-977 by reducing performance-based teacher compensation from 40 percent to 20 percent and increasing base salary increases from 20 percent to 40 percent, while simplifying performance compensation system requirements.

Establishes specific distribution of TPT revenues: 12 percent to technology and research initiatives, 3 percent to workforce development, with remaining funds after debt service transferred to classroom site fund for teacher compensation and school maintenance.

Changes school bond authorization limits under section 15-1021 from 10 percent to 6 percent for class B bonds as percentage of net assessed property value.

Requires submission of the measure to voters at the next statewide general election for approval as a constitutional amendment.