No government has ever spent its way to prosperity. Our proposals help governments be fiscally responsible so citizens can be prosperous.
Arizona's Voter Protection Act passed in 1998 (Prop 105) mandates that spending approved by initiative cannot be reduced by the Legislature. Thirty-five percent of Arizona's General Fund budget is voter-protected. The way to amend voter-protected spending is for three-fourths of the Legislature to vote to override a mandate. But there is more to the Voter Protection Act story, which is sometimes used as an excuse for not reducing spending when it needs to be.
A nearly perfect gauge of the wisdom and importance of a policy proposal is how loudly special-interest groups howl in opposition. By that measure, Proposition 101-the Freedom of Choice in Health Care Act-must be a great idea.
After months of rumblings around the state capitol, a private coalition called TIME Transportation and Infrastructure Moving AZ's Economy has unveiled a $42 billion solution for Arizona's transportation problems. It can be summed up as tax and spend.
The Arizona Republic's front page headline on October 29 read "White House Pressures Banks." The article went on to describe how bankers were being accused of hoarding bailout cash and told to get out there and loan money.
Three law firms dominate the legal work that goes into issuing state and local government debt in Arizona, according to a review of bond documents done by the Goldwater Institute. That finding is consistent with what bond lawyers and government officials have said in interviews about the industry.
It was almost like the gold rush all over again in Stockton, California. With booming property values and tax revenue during the past decade, city coffers were flush and cash was flying to sports arenas, retail centers, office buildings, and parking garages.
By Trey Kovacs
By Lisa Halverstadt and Cecilia Chan, AzCentral
Lawyers for the Goldwater Institute (the de facto Supreme Court of Arizona) used the hammer that is the “gift clause” in the Arizona Constitution to deliver a blow to the Phoenix police union.