This system is detrimental to local government funding, especially toward K-12 education, since it relies on property taxes and voter support for overrides, McCarthy said. Overrides allow increases in property taxes that exceed the normal limits.

“The cost of the override is higher than it should be,” McCarthy said. “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.”

Arizona’s business community and Gov. Doug Ducey support Proposition 132, which would require ballot initiatives that seek to raise taxes to pass with at least 60% of the votes cast.

Under current law, all initiatives – including those that raise taxes – pass with a simple majority.

In arguments for the proposition published by the Secretary of State’s Office, several associations representing job creators argue that passage of Proposition 132 would guard against damage to the Arizona economy and taxpayers.

A decision by voters 10 years ago is keeping most Arizonans’ property taxes from skyrocketing as the market values on their homes rise as fast as anywhere else in America.

https://www.thecentersquare.com/arizona/despite-soaring-property-values…

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.

https://www.thecentersquare.com/arizona/maricopa-county-cuts-property-t…

(The Center Square) – Arizona’s largest county is cutting property taxes.

This year, several transparency-related tax bills have been signed into law, each aiming to make tax issues more accessible to the public.

Sean McCarthy, senior research analyst at the Arizona Tax Research Association, said these bills were designed to improve tax law by increasing accountability.

Many transparency-focused bills are created in response to changing times or circumstances that require continued work on laws, or things legislators didn’t know were a problem, McCarthy said.

https://tucson.com/business/effort-underway-to-lower-property-taxes-for…

Arizona Republican lawmakers are moving to lower property taxes on businesses.

But the chief proponent told members of the Senate Finance Committee on Wednesday that it is being done in a way not to shift the burden to homeowners, and without reducing revenues available to local governments and schools that depend on the levy.

https://time.com/5952901/universities-tax-exemption/

On March 30, 2020, toward the beginning of the global COVID-19 pandemic, New Haven citizens stormed the city’s Zoom budget meeting to vent their outrage at Yale University’s continued strain on city finances. Residents specifically pointed to Yale’s vast and tax-exempt property holdings compared to the deficit-ridden New Haven public schools hungry for property-tax dollars.

https://chamberbusinessnews.com/2020/11/23/atraconference/

Arizona’s economy is recovering at a much faster pace than predicted at the height of COVID-19.

While there are potential setbacks on the horizon, the economic outlook ahead looks surprisingly bright, state and national economists and budget analysts said Thursday at the annual conference of the nonprofit Arizona Tax Research Association (ATRA).

Arizona voters will finally have the chance to weigh in on the so-called "Invest in Ed" ballot measure this November after the Arizona Supreme Court knocked it off the ballot two years ago.

Teachers unions and education advocates are campaigning hard for Proposition 208, which they say will help address Arizona's teacher shortage. The measure aims to make up for lagging state funding with a tax on the wealthy.