Businesses, Teachers At Odds Over AZ School Tax For Wealthy

Oct 14, 2020

Public schools in Arizona that have weathered a decade of funding cuts with only partial restoration could see a big infusion of cash if a ballot measure backed by teachers and advocacy groups passes in November.

FILE - In this April 30, 2018, file photo, teachers rally outside of Arizona Gov. Doug Ducey's Executive Tower in Phoenix on their third day of walkouts. Public schools in Arizona that have weathered a decade of funding cuts with only partial restoration could see a big infusion of cash if a ballot measure backed by teachers and advocacy groups passes in November, but opponents say Proposition 208 will hurt the economy and only bring partial relief.
Credit AP Photo/Matt York, File

But opponents in the business community say Proposition 208 will hurt the economy and only bring partial relief. The Invest in Education Act would impose a 3.5% tax surcharge on income above $250,000 for an individual or above $500,000 for couples. Proponents say it could raise about $940 million a year for schools. The money would go to teacher and support staff raises, vocational education and teacher training.