Senate Concurrent Resolution 1034 Summary

• Proposes constitutional amendment to change the base year for calculating aggregate expenditure limitations for all school districts from fiscal year 1979-1980 to fiscal year 2020-2021.

• Maintains the 1.10 multiplier applied to adjusted expenditure amounts when determining the aggregate limit for school districts.

• Clarifies that the cost-of-living adjustment methodology continues to apply to the new base year, with adjustments for student population changes.

• Requires submission of the proposed amendment to voters at the next general election for approval before implementation.