AZ HB2784

Requires county school superintendents to reduce primary school district tax levies by 85% of each district's unbudgeted ending cash balances from maintenance/operations and unrestricted capital outlay funds

Creates a phase-in period for tax years 2027-2031, allowing school districts to determine their own levy reduction amount, with a minimum reduction of 20% of the calculated unbudgeted cash balance

Amends reporting requirements so county school superintendents must include the new levy reduction amount in their annual estimates filed with governing boards and the property tax oversight commission by July 25

Deposits monies collected from the additional tax levy into the state general fund to aid in school financial assistance

The phase-in provisions automatically repeal after July 1, 2032, at which point the full 85% reduction requirement takes effect