AZ HCR2044

Increases the annual distribution rate from Arizona's permanent school fund from 6.9% to 8.9% for fiscal years 2025-2026 through 2035-2036, then reverts to 2.5%.

Allocates increased earnings from the higher distribution rate for fiscal years 2025-2026 through 2035-2036 as follows: 4.4% for teacher and classroom support personnel compensation, 1.5% for student support services personnel compensation, and 0.5% for school facility grants.

Requires a two-thirds vote of both legislative chambers and governor approval to reduce the 8.9% distribution rate if fund values decline, and allows reduction of inflation adjustments only with two-thirds legislative approval and governor approval.

Changes inflation adjustment requirements under Article XI, Section 11 to allow legislature to forgo adjustments only with two-thirds vote of both chambers, removing prior automatic prohibitions based on economic indicators.

Requires voter approval of the proposed constitutional amendments to Articles X, Section 7 and Article XI, Section 11.