The ruling affirms the trial court's decision and likely ends the legal challenge by Christopher Perea and Tom Jenney (Americans For Prosperity). They supported the Legislature and Governor Ducey's law and challenged the Save Our Schools' referendum effort on various petition grounds.
The Court determined that the challengers could not base their challenge on petition challenge laws passed by the Legislature in the 2017 session because they did not go into effect until the day after Save Our Schools had filed their petition signtures. (Justice Clint Bolick did not participate in the case.)
Arizona's Politics has requested comments from the parties and will update as needed.
UPDAE: Here is the quote that Save Our Schools' co-founder Beth Lewis provided to the Arizona Republic:
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