Arizona Tax Research Association
The Arizona Republic
Peoria leaders struck a deal that lays out as much as $13 million in incentives for a developer months after the Arizona Supreme Court ruled the Phoenix suburb violated the state Constitution by giving out millions for another development.
The Arizona Republic
https://www.azcentral.com/story/opinion/op-ed/2020/05/01/arizona-cities…
The government wouldn’t dream of raising taxes during the worst pandemic in a century, right?
Perhaps not the state or feds, with all the attention they receive. But some local governments around the state you’re not paying attention to may be considering just that.
The government wouldn’t dream of raising taxes during the worst pandemic in a century, right?
Perhaps not the state or feds, with all the attention they receive. But some local governments around the state you’re not paying attention to may be considering just that.
The Center Square
With mounting pension costs in Arizona’s troubled Public Safety Personnel Retirement System (PSPRS), some local governments are looking to creative accounting and pushing the envelope when it comes to what costs can be excluded under current constitutional spending limits.
Arizona Capitol Times
There’s nothing quite like the bipartisan schadenfreude experienced when the hubris of politicians leads to a failed business incentive deal. The Wisconsin-based Foxconn project and Amazon HQ2 in New York are dead for very different reasons. Foxconn, which once promised 13,000 jobs at a mega-plant in exchange for $4 billion in subsidies, has Trump and Scott Walker detractors snickering alongside anti-subsidy conservatives. They’re not laughing in Mount Pleasant, Wisconsin.
The Arizona Republic
https://www.azcentral.com/story/news/local/phoenix/2018/10/25/downtown-…
Phoenix has pumped more than $3 billion of taxpayer money into the revitalization of downtown over the past 30 years.
Phoenix has pumped more than $3 billion of taxpayer money into the revitalization of downtown over the past 30 years.
White Mountain Independent
After seven years, a property tax override will again come before voters in Apache County on November 7.
The ballot measure will request that voters approve an additional $2 million in property taxes annually beginning in fiscal year 2019-2020 and every year after that for the next six years. An additional $200,000 to cover inflationary growth will be included with the $2 million for six years, according to the language that will be included on the ballot.
The ballot measure will request that voters approve an additional $2 million in property taxes annually beginning in fiscal year 2019-2020 and every year after that for the next six years. An additional $200,000 to cover inflationary growth will be included with the $2 million for six years, according to the language that will be included on the ballot.
Phoenix Business Journal
The Arizona House of Representatives approved 58-0 a bill adding some new reforms to property tax breaks that cities offer to developers and businesses.
House Bill 2126 ended up being a compromise measure between fiscal conservatives, real estate groups and cities over Government Property Lease Excise Taxes. or GPLETs.
GPLETs involve city governments owning land but leasing it to private developers and businesses who then pay lower property taxes than if they owned it outright.
House Bill 2126 ended up being a compromise measure between fiscal conservatives, real estate groups and cities over Government Property Lease Excise Taxes. or GPLETs.
GPLETs involve city governments owning land but leasing it to private developers and businesses who then pay lower property taxes than if they owned it outright.
The Arizona Republic
https://www.azcentral.com/story/news/local/tempe/2018/01/11/tempe-tax-b…
Tempe plans to give a $21 million tax break to land a hotel and conference center on Arizona State University land.
The Tempe City Council voted 6 to 1 to approve the deal on Thursday. Councilman Kolby Granville was the lone dissenter.
Tempe plans to give a $21 million tax break to land a hotel and conference center on Arizona State University land.
The Tempe City Council voted 6 to 1 to approve the deal on Thursday. Councilman Kolby Granville was the lone dissenter.
The Arizona Republic
http://www.azcentral.com/story/opinion/op-ed/2017/08/15/phoenix-wants-m…
It must be odd for City of Phoenix officials to admit they cannot sell their prized jewel, the Sheraton hotel, without guaranteeing the buyer won’t pay Phoenix’s high business property taxes. The incentive deal they are offering the buyer adds insult to this injurious affair.
It must be odd for City of Phoenix officials to admit they cannot sell their prized jewel, the Sheraton hotel, without guaranteeing the buyer won’t pay Phoenix’s high business property taxes. The incentive deal they are offering the buyer adds insult to this injurious affair.
The Arizona Republic
As Phoenix negotiates the sale of the city-owned Sheraton hotel in downtown, a new aspect of the deal is sparking controversy: a proposed $97 million tax break for the buyer.
The city already expects to take a hefty loss on the Sheraton. In July, Phoenix entered into exclusive talks to sell to TLG Phoenix LLC, an investment company based in Florida, for $255 million.
Phoenix still owes $306 million on the hotel — the largest in the state with 1,000 rooms — and the city has already sunk about $47 million of taxpayers' money into it.
The city already expects to take a hefty loss on the Sheraton. In July, Phoenix entered into exclusive talks to sell to TLG Phoenix LLC, an investment company based in Florida, for $255 million.
Phoenix still owes $306 million on the hotel — the largest in the state with 1,000 rooms — and the city has already sunk about $47 million of taxpayers' money into it.