SB 1636 Summary

• Changes the school district aggregate expenditure limitation base year from fiscal year 1979-1980 to fiscal year 2026-2027, establishing a new baseline for calculating expenditure limits.

• Shifts the reference year for GDP price deflator calculations from 1978 calendar year to 2023 calendar year for school district expenditure limitation purposes.

• Moves the baseline school year for student population calculations from 1978-1979 to 2025-2026 in determining aggregate expenditure limitations.

• Requires the economic estimates commission to adjust necessary calculations to determine the aggregate expenditure limitation for fiscal year 2027-2028.

• Becomes effective only if Arizona voters approve a related constitutional amendment (Senate Concurrent Resolution) at the next general election, applying to fiscal years beginning after June 30, 2027.