Arizona's future depends on financing transportation growth through Prop 400 - Phoenix Business Journal

  • 📰 phxbizjournal
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

A longtime Valley resident urges both sides to come together to pass an extension for Arizona's Proposition 400, the half-cent sales tax dedicated for transportation infrastructure funding, that is set to expire in 2025. phoenix

By Martin Shultz – Contributing writerI am so excited for Arizona’s future, and I hope you join me in that enthusiasm. Over the past decade, Arizona has been one of the fastest-growing states in the country and our booming economy has been recognized, multiple times, including being named No. 1 on economic performance, and No. 3 for economic outlook, this according to the Arizona Commerce Authority.

Here is what happened. In 1985, a 20 year half-cent sales tax, dedicated for transportation was overwhelmingly passed with 72% of the vote. I’m proud to say I was there. In 2004, it was renewed with the passage of Proposition 400. For some who don’t know, Prop 400 funded a balanced regional transportation plan that invests in freeways, highways, streets and transit. It has been in effect since Jan. 1, 2006. However, it will expire in January 2026.

As the readers of this column know, politics in Arizona has become very divided, and there is not one clear view on how we should move forward. I suggest our governor and legislators do something to serve all residents in our region, and all new Arizonans, by focusing on renewing this important source of funding, and do it immediately.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 254. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow Falls 400 Points After OpenThe Dow fell about 300 points on concerns over Fed rate policy. Walmart and Home Depot shares dropped after disappointing forecasts. Interest rate hikes have been known for months … nothing new here Natural Gas buy 2.5 years low ... opportunity Biden economics taking form
Source: WSJ - 🏆 98. / 63 Read more »