AZ HB2147

Requires charter schools to increase charter additional assistance by at least 2% beginning in fiscal year 2023-2024, and by a minimum of 2% or the GDP price deflator change (whichever is less) for fiscal year 2024-2025 and thereafter, with amounts not falling below the fiscal year 2023-2024 base level.

Requires school districts to increase district additional assistance by at least 2% beginning in fiscal year 2023-2024, and by a minimum of 2% or the GDP price deflator change (whichever is less) for fiscal year 2024-2025 and thereafter, with amounts not falling below the fiscal year 2023-2024 base level.

Establishes inflation adjustment mechanisms tied to the GDP price deflator to ensure school funding keeps pace with economic changes while maintaining a 2% minimum increase floor.

Repeals a conflicting version of section 15-961 to resolve statutory inconsistencies in district additional assistance provisions.