College tuition in Arizona could increase by no more than the cost of living every year and corporations could see tax hikes under a proposed voter initiative.
A group called Save Arizona's Students and Public Universities filed the initiative late last week. It has until July 2016 to collect more than 150,000 valid signatures to qualify for the November 2016 ballot.
If enacted by voters, universities could not increase tuition or fees more than the annual increase in the cost of living. Universities also would be barred from increasing charges during the first four years an undergraduate student attended.
The initiative would add a 2 percent surcharge to corporate tax rates starting in 2017 if the Legislature failed to fund universities at the 2015 level after adjusting for inflation.
