AZ SCR1029

Increases annual distribution from Arizona's permanent school fund from 6.9% to 8.9% of average monthly market values for fiscal years 2025-2026 through 2035-2036.

Allocates additional fund distributions as follows: 4.4% for teacher and classroom support personnel compensation; 1.5% for student support services personnel compensation; 0.5% for school facilities grants for safety, security, and technology improvements.

Requires two-thirds majority vote in both legislative houses and gubernatorial approval to reduce permanent fund distributions below 6.9% when fund values decline.

Modifies inflation adjustment requirements by allowing legislature to forgo adjustments with two-thirds vote when economic growth or education funding thresholds are met, instead of making adjustments mandatory or prohibited.

Proposes constitutional amendments to Article X, Section 7 and Article XI, Section 11 requiring voter approval and gubernatorial proclamation; includes nonseverability clause voiding entire proposition if any portion is found invalid.