Arizona Tax Research Association Endorses Proposition 123
By Let's Vote Yes For Arizona School In Support of Prop 123
PHOENIX — The Arizona Tax Research Association (ATRA) today endorsed Proposition 123 citing that the initiative would resolve a longstanding education lawsuit in the state and get money to school districts now while protecting taxpayers.
“The Arizona Supreme Court’s decision in the Cave Creek lawsuit exposed taxpayers to extraordinary financial liabilities just as the state budget was recovering from the Great Recession,” Kevin McCarthy, president of the Arizona Tax Research Association said. “Prop 123 settles this lawsuit in a manner that is fair to taxpayers as well as Arizona K-12 schools. The use of the State Land Trust to assist in funding the settlement provides state policymakers ample time to develop a multi-year plan to absorb these costs into the state budget in 2026.”
“The Arizona Tax Research Association’s endorsement reinforces our pitch to voters that we are protecting taxpayers while ensuring K-12 public schools have stability over the next decade,” Sharon Harper, chairman of the Let’s Vote Yes for Arizona Schools said. “Proposition 123 is the solution we need to fund our schools now to ensure teachers and students get the resources they need to succeed.