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ASU real estate office criticized for providing major tax breaks to private developers

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.”

Proposition would require tax hikes to pass with higher vote threshold

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.
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