Hobbs agrees on Arizona rental tax ban to put Prop. 400 on the ballot

PHOENIX (3TV/CBS 5) — Voters first approved the half-cent sales tax, known as Proposition 400, in 1985, and they renewed it again in 2004. Over the decades, it’s paid for major road and freeway projects, as well as the light rail. The tax is set to expire at the end of next year unless voters approve it for a third time.After threatening to keep Proposition 400 off the ballot next year, Arizona Republican leaders like House Speaker Ben Toma are now working with Democratic governor Katie Hobbs to place a massive transportation tax on the 2024 ballot. Under the agreement, voters in one of the fastest-growing counties in the country will get a say on extending Proposition 400 for another 20 years. If it passes, the tax is expected to raise more than $1 billion a year for a total of $21.7 billion.For the past two years, mayors like John Giles of Mesa have called on the legislature to let the voters decide. “It’s hard to overstate how important Proposition 400 and the extension of it is,” he told Arizona’s Family. “This is the largest economic development package in the history of our state. This is the funding source for the new freeways to the growing parts of the county. And regardless of where you are in between the East Valley and the West Valley, you’re going to see the existing freeway infrastructure improved.”Once signed by the governor, Maricopa County voters will have the final say on whether to keep th …

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