AZ HB2148

Changes the base limit year for school district expenditure limitations from fiscal year 1979-1980 to fiscal year 2022-2023.

Changes the baseline student population year for calculating school district expenditure limitations from school year 1978-1979 to school year 2021-2022.

Updates GDP price deflator baseline year from calendar year 1978 to calendar year 2021 for school district expenditure limitation calculations.

Makes various technical corrections to statutory language (changing "prior to" to "before," "utilizing" to "using," and updating grammatical phrasing).

Bill becomes effective only if voters approve a constitutional amendment (House Concurrent Resolution) at the next general election relating to expenditure limitation.