education funding; teacher compensation program.

Summary

The bill adds Section 12 to Article XI of the Arizona Constitution, prohibiting reductions in the permanent‑fund distribution for K‑12 schools below a set level through fiscal year 2035‑36. It also directs any increase in expendable earnings that results from a distribution rate above 2.5% to a statewide program that raises base salaries for full‑time, classroom‑focused teachers who meet performance standards. The program must treat teachers equally, require reporting and auditing, and supplement—not replace—other compensation sources.

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