HB 2947 Summary

• Appropriates $17.693 billion in state general fund spending for fiscal year 2025-2026, with major allocations to education ($8.815 billion), health care ($21.744 billion through AHCCCS), and corrections ($1.605 billion).

• Includes supplemental appropriations for FY 2024-2025 totaling $206.2 million for basic state aid formula costs and $1.832 million for AHCCCS eligibility verification, offset by a $106 million reduction to AHCCCS for formula adjustments.

• Authorizes transfers from state highway fund ($15.5 million) and vehicle license tax revenues ($2 million) to the general fund in FY 2025-2026.

• Establishes funding deferrals including $800.7 million in school district basic state aid to be paid in July 2026 rather than during FY 2025-2026.

• Provides salary increases including 5% for AZPOST-certified employees and correctional officers, 15% for state firefighters, and various employer health insurance and retirement adjustments across state agencies.