Martín Quezada for State Treasurer
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In the News 

Arizona lawmakers approve lifting school spending cap

3/23/2022

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(The Center Square) – The Arizona Legislature has averted potential school closings by approving a one-time increase to a constitutional cap on school district spending.
The Arizona Senate approved Concurrent Resolution 2039, which allows for a one-time increase in the state’s aggregate expenditure limit (AEL) by $1.2 billion.
Voters approved a change to the state’s constitution in 1980 that capped education spending and adjusted it annually for inflation. The provision allows lawmakers to increase the limit by passing a resolution in both chambers. The Senate approved the resolution Monday after the House approved the measure last week. It does not need the governor’s signature to take effect. 
In raising the limit, schools are able to spend an additional $1.2 billion in the remaining school year. Lawmakers initially appropriated the funds but COVID-19 aid sent to districts increased overall school spending.
Democrats were unanimous in supporting the measure. ​
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