Opinion: Voters should read the fine print in election publicity pamphlets. Bonds absolutely extend the life of the taxes you pay.
ATRA in the News
“Proposition 132 will provide an added degree of protection for Arizona taxpayers regarding future efforts to increase taxes in statewide elections,” Arizona Tax Research Association President Kevin McCarthy said. “Ensuring that future tax increases garner broad public support is good policy and creates needed stability in Arizona’s tax code.”
“'The more the taxpayers figure out the game that’s being played, that they’re paying taxes and other people aren’t, it undermines the legitimacy of the whole operation.' McCarthy.”
With increased values come higher property tax bills, but Arizona Proposition 117 ensures homeowners in places like Phoenix don’t fall prey to a sudden increase that matches its 30% home value spike over the past year.