Bob Christie
Capitol Media Services
PHOENIX — Republican leaders of the Arizona House and Senate have reached a deal with Democratic Gov. Katie Hobbs to bring a proposal extending a half-cent Maricopa County transportation tax up for a vote when the Legislature returns on Monday.But a large faction of GOP lawmakers known as the Arizona Freedom Caucus remain staunchly opposed to the plan to ask voters to extend the tax that has been in place for nearly 40 years. It has paid for a massive expansion of the metro region’s freeway and roads system and helps fund public transit services, including the light rail.And even if the deal confirmed by Senate President Warren Petersen and House Speaker Ben Toma to Capitol Media Services passes the Legislature and is signed by Hobbs, voters would still be able to reject the tax when it goes to the ballot next year.If the so-called Proposition 400 extension fails on any of those steps, residents of Arizona’s other 14 counties would pay the price. That’s because without the approximately $20 billion the tax is expected to raise between 2025 and 2045, their cities a …
See the full Home Prices article, or, read more Arizona real estate investing news. Go ahead. You know you want to.