PHOENIX – State Treasurer Jeff DeWit presented Arizona State Senate Majority Leader Kimberly Yee the 2017 Hero of the Arizona State Treasurer’s Office award for her sponsorship of SB 1448 this past session.
“The changes made in this legislation will lead to many millions more in earnings from the investments in our office,’’ Treasurer DeWit said.
“Majority Leader Yee’s knowledge of the Treasurer’s office from here prior employment here was critical in getting this legislation unanimously approved this year,” DeWit said. “She truly understands the role the State Treasurer of Arizona serves in protecting taxpayers.”
The wording of the award is as follows:
Whereas, SB 1448 was sponsored by Senate Majority Leader Kimberly Yee during the first regular session of the 53rd Arizona Legislature;
Whereas, SB 1448 was unanimously approved by the Arizona State Senate and the Arizona House of Representatives;
Whereas, SB 1448, was enacted as Chapter 277, Laws 2017, and became law on August 9, 2017;
Whereas, Majority Leader Yee worked tirelessly for the successful passage of this legislation;
Whereas, SB 1448 changes Arizona Law that will benefit the investing of taxpayer funds by the State Treasurer of Arizona;
Whereas, Majority Leader Yee’s knowledge of the Treasurer’s office from her prior employment in the office was critical in the passage of this legislation leading to increased earnings for taxpayers;
Whereas, Majority Leader Yee truly understands the role that the State Treasurer of Arizona serves in protecting taxpayers;
Whereas, those changes will lead to many millions more in earnings from investments by the Treasurer’s Investment Management Division, while maintaining our conservative investing approach;
I hereby declare, in the capacity of Treasurer for the State of Arizona, Senate Majority Leader Kimberly Yee as the 2017 Hero of the State Treasurer’s Office.
Former chief deputy: If Sheriff Paul Penzone was serious about making a safe community, he'd seize more drugs, arrest more people - and actually enforce the law.
By Jerry Sheridan
Paul Penzone’s My Turn (”Where we're taking the sheriff's department after Joe Arpaio,” Aug. 6) was entertaining. His criticism of Sheriff Joe Arpaio, however, is unwarranted.
I don’t have space to explain Arpaio’s defense here. Suffice it to say he is appealing. Police unions throughout the state, representing more than 18,000 police officers, endorsed Arpaio against Penzone in the last two elections.
By Governor Doug Ducey
(Originally published by CNCB)
Things move quickly in Arizona.
In July 2016, when I wrote an op-ed for the 10th anniversary of CNBC's America's Top States for Business series, I talked about how our state is slashing red tape and embracing the new economy.
What a difference a year makes.
Since then, Google began offering Arizonans rides in their own self-driving Waymo vehicles. Airbnb hosts in our state earned more than $50 million throughout the year. And an array of first-class companies — from Vector Space Systems to Orbital ATK and many others — have expanded their presence here.
Three-hundred days of sunshine per year certainly helps, but it's not just the beautiful weather and panoramic mountain views that convince companies to relocate. It's a combination of Arizona's top-shelf quality of life and the pro-growth environment we've fostered over the past few years to make our state a great place to do business.
Just to name three:
A highly trained workforce: We know what it takes to train the future. The newest rankings from U.S. News & World Report found that Arizona is home to the top three public high schools in the country. We're making major investments in our universities, too, including a $1 billion financing package that will allow them to make critical research infrastructure improvements to stay ahead of the competition.
We also announced an initiative last year to equip at least 60 percent of adults in our state with a certificate or degree by the year 2030 so Arizonans they have the tools they need to succeed in our quickly-changing economy. With Arizona State University being ranked the most innovative university in the U.S. for two years in a row now (beating out MIT and Stanford), you know we're on the right track and moving forward fast.
A 21st-century government: Some states have a regulatory system that reacts to innovation; in Arizona, we anticipate and embrace it so that new technologies have to catch up with legislation instead of the other way around. Whether that's an executive order paving the way for research into self-driving technology or a revamp of our revenue system to make home-sharing easier, we're always looking forward so that entrepreneurs can do what they do best without running into an unnecessary bureaucratic speed bump. It also means eliminating burdensome and outdated regulations already on the books, which is why we unveiled "Regulation Rollback" in January with the goal of soliciting input about which regulations to cut and then eliminating 500 by the end of this year.
Strong international relationships: "Trade is not a problem to solve. It's an issue to focus on and expand." That was my closing remark to an audience in Washington, D.C., at a discussion about the U.S.–Mexico relationship. Since taking office, I have made it a priority to strengthen Arizona's relationship with elected officials and business leaders in Mexico, and other countries, in order to bring more jobs, manufacturing, and exporting power to our region.
The relationship put our state over the top when Lucid Motors was deciding where to locate its new $700 million electric vehicle manufacturing facility a few months ago, with Lucid Motors specifically citing our "strong regional supply chain" and "proximity to rail, major interstates, ports, training facilities, [and] utility providers."
Sonora Gov. Claudia Pavlovich and I are also working together with the hope of creating a new cruise-ship port at Puerto Peñasco. International economic activity, and the relationships that foster it, can be a huge boost for businesses looking to expand, and Arizona is helping to make that happen.
You don't need to take my word that our state is the place to be. People are seeing our low-tax, commonsense regulatory environment, and they're voting with their feet.
According to the U.S. Census Bureau, our own Maricopa County is the single fastest-growing county in the United States, adding more than 222 people per day in 2016. This year, Phoenix officially reclaimed the title of the fifth-largest city in the country, too.
Companies are doing the same. We've seen a number of major job announcements over the past few months alone, including Constant Aviation in May and Benchmark Electronics, which is relocating its corporate headquarters to Arizona from Texas. In fact, hiring for finance and insurance jobs grew faster in Arizona than in any other state in the country over the 12 months leading to March 2017.
That's no accident.
Arizona has been nationally recognized for its economic competitiveness, including recently in two prominent trade publications. We were given the 2017 Gold Shovel Award in Area Development's list of top states for economic development in the five- to eight-million population category, and we were named the No. 1 most competitive state in the mountain region in Site Selection's 2017 Prosperity Cup.
In other words, when entrepreneurs get sick of being overtaxed and overregulated in places like California, they pack up a U-Haul (another great company based here) and move to ArizonaRead more
By the Goldwater Institute
For seven years, leaders in Washington have promised to repeal Obamacare, but as we saw this week, Congress doesn't seem any closer to real health care reform. The good news is that there’s an opportunity for action in our 50 states.
Take the dental care crisis, for example. Did you know that 18 percent of lower-income Americans say that they or someone in their household has turned to an emergency room for dental pain treatment? And in Arizona alone, 2.4 million of the state's 7 million residents are living in areas with a serious shortage of dentists. That leads to higher costs and poorer health.
But we don't have to rely on Washington to solve this problem.
States can increase access to dental care and reduce costs by licensing dental therapists who carry out routine dental procedures. And it's a solution that has bipartisan support, as The Huffington Post reported this week:
While most media attention has been focused on the lack of consensus on health care in Washington, several conservative organizations and think tanks, like the Phoenix-based Goldwater Institute, have joined state-based coalitions now spanning the political spectrum that advocate for a free market approach to addressing the oral health crisis.
The dental establishment has actively resisted this reform and usually cites unfounded concerns over patient safety, even though the safety and quality track record for dental therapists is long and well-documented.
Limiting the supply of providers not only increases the cost of care services; it forces Americans to pay higher prices. To increase dental access and affordability, states can and should allow for dental therapists.
It's a solution that doesn't have to go through Congress. And it's one example of how states can help reform health care while Washington just keeps talking.
By State Treasurer Jeff DeWit
PHOENIX – The Permanent Land Endowment Trust Fund, also referred to the Schools’
Endowment, reached another new milestone under State Treasurer Jeff DeWit growing to $5.57
billion at the end of April 2017.
“The hard work and incredible staff at the State Treasurer’s Office continues to produce great
investment results,” Treasurer Jeff DeWit said. “After beating most university endowments in
2016, the winning streak continues for our schools’ Endowment.”
Last year, the fund’s return beat many of the large public investment funds in the United States
including CalPERS, CalSTERS, Dartmouth, MIT, Stanford and Harvard.
“Managing the investments internally, right here in the Arizona Treasurer’s Office, has been a
huge win for our schools as it allows them to earn more and keep more of their money,” DeWit
said. “These record earnings are on top of the fact the Endowment has paid out nearly $225
million to schools this fiscal year, more than any year in Arizona’s history with two months to
by Andy Biggs
The false claim that Trump conspired with Russia to engineer the 2016 election has reached the height of absurdity. The media and Democrats are trying to bamboozle the country by conflating several isolated incidents. I just wrote in the Washington-Examiner that they have no evidence but have created a story that combines the allegations about the Russians and the firing of FBI Director James Comey.
They have made three false claims against Trump and I have refuted them in my op-ed. You can read it here.
Thank you for your continued support,
Andy BiggsRead more
By Senator Jeff Flake
Enough is enough. The “9th Circus” madness must end. Arizonans deserve justice from the mountain west, not California. That’s why I’ve sponsored a bill to move Arizona into a new circuit.
The 9th Circuit Court of Appeals is too large to be effective and has been for too long. 20% of our nation’s population lives in the 9th and it houses 40% of our nation’s landmass. They take 15 months to make a decision because they are so backed up in their work.
There’s no reason to protect an overworked and overburdened Court.
I’ve introduced a bill with John McCain that will split the 9th and create a new, 12th Circuit Court of Appeals because Arizonans and other Western states don’t have the bedrock principle of swift justice found in the rest of our nation.
Justice delayed is justice denied. Join me in fighting for a solution for Arizona.
We need courts that are fair and effective for everyone, not political institutions. Let’s make it happen.
Jeff FlakeRead more
By Sal DiCiccio
6th District, Phoenix City Council
Do you know what modern government corruption looks like? In order to see it, you’ll first need to let go of many of the stereotypes you hold true.
For example, many believe the government helps the poor. The truth, however, is a ruse as old as civilization: Government takes on a worthy cause, like building a school or affordable housing. After the project goes out to bid, the governmental entity selects itself as the developer.
Government staff then hires their family and friends to service the contract. And when all is said and done, the project costs twice as much, is half as good, and creates permanent city staff that now must find a new project to work on to protect their jobs.
Under this model, modern day government takes a noble cause, like helping the poor, and turns it into a corrupt type of “good graft” benefiting the insiders who profit off the good will of the public.
Let me give you a real-life example. In Phoenix, local politicians approved an affordable housing apartment project for the poor on land the city already owned. The housing, which should have cost $150,000 per unit, ended up costing around $281,000 per unit for a simple apartment unit. As a comparison, the median cost of a single-family home in the Phoenix is $195,000.
Around the same time, in one of the most expensive neighborhoods in Phoenix, a luxury apartment complex built and owned by the private sector was sold at a price considered the highest ever in the City of Phoenix. It had every high-end finish and amenity. This luxurious apartment complex sold for $277,000 a unit ‒ about the same as the "affordable housing" apartment complex the taxpayers were forced to pay for in the example above.
So what went wrong? The “good graft.”
To start, the City of Phoenix gave itself the ability to self-select. This meant that even though there were multiple bids on the project from the private sector at about half the cost, Phoenix was able to select itself as the developer.Read more
By Team Ducey
Arizona's been in the national spotlight for educational excellence this month.
This week, five Arizona high schools made the U.S. News & World Report top ten public high schools in the nation -- more than any other state. We know how to educate a child in Arizona, and Governor Ducey is working hard to ensure every student has access to a high-quality public education.
Earlier this month, The Weekly Standard published an article highlighting Governor Ducey’s commitment to school choice.
Here's what they said about Governor Ducey:
“Governor Doug Ducey, already a hero to free-market conservatives for his deregulatory crusade against occupational licensing laws, will sign whatever universal education savings account (ESA) expansion makes it to his desk… In a statement to The Weekly Standard, Ducey lavished praise on the state’s achievements in school choice, saying, ‘Arizona provides a model for the nation of the value in putting parents in the driver’s seat of their kids’ education.’”
Read the full article here and share it with your friends !Read more
By Sal DiCiccio
Phoenix City Council Member
Councilman Danny Valenzuela calls this a "good deal." I call it INSANE.
This is the same logic some of the same politicians used when they used your money to build the Sheraton losing $145 million of your hard-working taxpayers dollars.
Money that could've gone for more police on our streets.
Please read this article from Laurie Roberts:
ANOTHER TAX GIVEAWAY IN PHOENIX
Arizona Republic 4-20-17
Last month, Phoenix was sued for allowing a developer to skip paying $8 million in property taxes in return for building a 19-story apartment complex near Roosevelt Row in downtown Phoenix.
The city’s continuing tax giveaways – which leave you and I holding the bag for select developers’ share of funding public schools – have prompted a crackdown at the Arizona Legislature. Our leaders, in one of their rare good moves,recently voted to limit these giveaways beginning later this summer to eight years, down from the current 25.
And the city’s response to the legislation and the lawsuit by the Goldwater Institute?
On Wednesday, the Phoenix City Council voted 7-2 to allow yet another developer to skip paying $9 million in property taxes in return for building three apartment towers near Roosevelt Row. (Councilmen Sal DiCiccio and Jim Waring were the no votes.)
Phoenix wants what the market can't support
A city spokesman says the properties eventually will pay three times the property taxes they’d pay if only a four- or five-story apartment complex was built where these 29-, 25- and 19-story buildings will go in. ($6.9 million over 20 years as opposed to $2.4 million.)
That’s if the schools can wait 20 years, that is.
Five percent of the units will be "affordable" housing.
City leaders say the giveaway – technically called a government property lease excise tax -- allows developers to build the types of projects city leaders envision – the sort the free market doesn't support. (Sort of a like a certain downtown Phoenix hotel.)
“This is going to change the Phoenix skyline now instead of 20 years from now,” Councilman Daniel Valenzuela saidWednesday, in approving the deal.
This is, of course, the same old story we’ve been hearing for decades from Phoenix City Hall as city leaders hand out GPLETs like gumdrops.
Lots of developers got this pass
A fair chunk of downtown Phoenix has been given a pass on paying property taxes -- or anything even close to their fair share of the tab.
The Phelps Dodge building got a GPLET. So did CityScape. Renaissance Square has one (both Tower One and Tower Two). So does the Collier Center. And the Westin and Freeport McMoran and at least five apartment complexes along Roosevelt Row.Read more