AZ SCR1046

Establishes a 3.5% income tax surcharge on taxable income exceeding $250,000 for single filers and $500,000 for joint filers, effective for tax years beginning after December 31, 2020.

Creates the Student Support and Safety Fund to receive surcharge revenues, distributing monies as follows: 50% for teacher and classroom support personnel hiring and compensation, 25% for student support services personnel, 10% for new teacher mentoring and retention programs, 12% to the Career Training and Workforce Fund, and 3% to the Arizona Teachers Academy Fund.

Establishes the Career Training and Workforce Program providing grants to school districts, charter schools, and career technical education districts for career technical education, academic acceleration programs, college-level opportunities, and support services for high school students.

Amends the Arizona Teachers Academy to increase scholarship amounts to $10,000 annually for graduate students (maximum 2 years), $10,000 annually for undergraduate students (maximum 4 years), and $3,000 annually for community college students (maximum 2 years).

Requires school districts and charter schools receiving fund monies to establish separate local-level funds and provide annual reporting on revenues received and classroom teacher salary information through the uniform system of financial records.