Arizona Laws 15-911. Aggregate expenditure limitation; aggregate expenditures of local revenues; adjustments
A. On or before June 1 of each year, the legislature shall transmit to the state board of education the aggregate expenditure limitation for all school districts for the following fiscal year that the economic estimates commission determines as provided in section 41-563, subsection C.
Terms Used In Arizona Laws 15-911
- Current year: means the fiscal year in which a school district is operating. See Arizona Laws 15-901
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Fiscal year: means the year beginning July 1 and ending June 30. See Arizona Laws 15-101
- Governing board: means a body organized for the government and management of the schools within a school district or a county school superintendent in the conduct of an accommodation school. See Arizona Laws 15-101
- School district: means a political subdivision of this state with geographic boundaries organized for the purpose of the administration, support and maintenance of the public schools or an accommodation school. See Arizona Laws 15-101
B. On or before November 1 of each year, the state board of education shall determine and report to the president of the senate, the speaker of the house of representatives, the chairman of the joint legislative budget committee and the governor’s office of strategic planning and budgeting the aggregate expenditures of local revenues as defined in article IX, section 21, subsection (4), Constitution of Arizona, for all school districts for the current year.
C. If the aggregate expenditures of local revenues that the state board determines as provided in subsection B of this section exceed the expenditure limitation determined as provided in section 41-563, subsection C:
1. On or before November 1 the state board shall notify each school district that may be affected by subsections D and E of this section and inform it of the amount by which it may have to reduce its expenditures of local revenues.
2. On or before March 1 the legislature, on approval of two-thirds of the membership of each house of the legislature, may authorize the expenditures of local revenues in excess of the expenditure limitation for the current fiscal year.
D. The state board of education shall:
1. Determine the amount of the expenditures of local revenues that exceed the expenditure limitation.
2. Determine the amount of expenditures of local revenues for each school district and the total amount for all of the school districts.
3. Divide the amount determined in paragraph 1 of this subsection by the total amount determined in paragraph 2 of this subsection.
4. Multiply the quotient determined in paragraph 3 of this subsection by the amount determined in paragraph 2 of this subsection for each school district.
E. If the legislature fails to authorize the expenditures of local revenues that exceed the expenditure limitation as provided in subsection C, paragraph 2 of this section, on or before March 5 the state board of education shall inform each school district of the amount it is to reduce its expenditures of local revenues, and each school district shall reduce its expenditures of local revenues by the amount determined in subsection D, paragraph 4 of this section. On or before April 1, the governing board of each school district, after it gives notice and holds a public meeting in a similar manner as provided in section 15-905, subsections C and D, shall adopt a revised budget for the current year that does not exceed the previously adopted budget for the current year, minus the amount the state board of education specifies for reduction in expenditures of local revenues. Not later than April 4, the budget as revised shall be submitted electronically to the superintendent of public instruction.