AZ SCR1051

Proposes a constitutional amendment to prevent Arizona from reducing the annual distribution rate from the permanent fund for common schools below current levels until fiscal year 2035-2036, except with a three-fourths vote of each legislative house.

Requires that any increased expendable earnings above 2.5% of the fund's average monthly market values be appropriated for a statewide classroom teacher compensation program through fiscal year 2036-2037.

Mandates that the teacher compensation program distinguish between performing and underperforming teachers and include reporting and auditing requirements.

Limits program eligibility to full-time classroom teachers who spend a majority of their time on non-administrative classroom instruction and meet performance requirements.

Requires compensation monies to supplement, not supplant, existing teacher pay and be distributed equally per eligible teacher at each participating school.