SB 1692 Summary

• Appropriates approximately $12.5 billion from the state general fund and other sources for fiscal year 2020-2021 for all state agencies, departments, schools, courts, and universities.

• Establishes funding for major programs including K-12 education ($5.36 billion), AHCCCS healthcare ($14.01 billion), Department of Corrections ($1.22 billion), and Department of Child Safety ($1.02 billion).

• Includes $930.7 million deferral of school district state aid payments to fiscal year 2021-2022 due to budget constraints.

• Provides $16.7 million transfer from prescription drug rebate fund to state general fund and authorizes up to $25 million from budget stabilization fund for economic security reimbursement grants.

• Contains various reporting requirements to the joint legislative budget committee for major agencies and includes restrictions on medical marijuana research funding and alumni association funding at universities.