NAIOP Arizona is working hard on behalf of our members at the state capitol. We are fighting to keep taxes low, prevent burdensome new regulations and fund important highway and infrastructure projects that will keep our economy humming. We are also supporting proper funding of our public education systems so you have access to a high quality workforce. The Arizona Legislature is entering “cross-over week.” This is the last week for bills to be heard in their chamber of origin (House or Senate) before crossing over to the other chamber. Here is the status of the bills that NAIOP is supporting and opposing.
In addition to evaluating the 1,707 bills that have been introduced this session, the legislature must also pass a budget for Governor Ducey to sign. With a surplus that will likely exceed $1 billion, there is no shortage of ideas on how to spend the extra money. NAIOP’s budget priorities facilitate continued economic growth.
Commercial Property Tax Relief – Reduce the assessment ratio for commercial properties and lower the state equalization tax rate.
Invest for Growth – Use one-time surplus funds for high-priority infrastructure projects such as highway repairs and expansions.
Prepare the Workforce – Invest wisely in public education at both the K-12 and post-secondary levels, especially in programs that prepare graduates for high-demand jobs in construction and skilled trades.
Reduce Debt – Pay down K-12 rollover and other debt acquired during the Great Recession to maintain strong credit ratings and better position the state for future economic downturns.