Tuesday, January 5, 2016

1-2-3-TaxBreaksForMe campaign raises millions from business donors ...

... that is, from those folks who want you to vote yes on Prop 123 but who will not shell out that kind of money to help fund schools. Below are listed some of the donors and other snippets from Arizona Capitol Times (subscription required).

Let’s Vote Yes for Arizona’s Schools, the campaign committee formed to promote Prop. 123 in the May 17 special election, announced that it brought in about $1.75 million in its first two months of fundraising. The fundraising haul brings the campaign about halfway toward meeting the expectations of campaign manager J.P. Twist, who has said he expects it to raise between $3 million and $4 million.

The biggest contributors were GoDaddy founder Bob Parsons and his wife, Renee, who each gave $250,000 to the campaign. Greater Phoenix Leadership has given $220,000, while the Helios Education Foundation contributed $100,000.

Salt River Project and the Arizona State University Foundation each gave $75,000. Cox Communications, DMB Associates, Blandford Homes and auto dealership magnate Larry Van Tuyl each gave $50,000. Developer Edward Robson and his company, Robson Communities Inc., each gave $25,000 to the campaign.

Prop 123 offers the voters in the May 17 election Ducey's Choice.

Voters will cast their ballots on Prop. 123 in a May 17 special election. The measure seeks to provide an additional $3.5 billion in K-12 education funding over the course of 10 years, about $2.2 billion of which would come from increased distributions from the state’s Permanent Land Endowment Trust Fund. It would also implement economic “triggers” allowing the state to suspend or rescind inflation-based funding increases to K-12 education during fiscal downturns.

Raiding the state’s Permanent Land Endowment Trust Fund to fund education now will short the students of tomorrow (according to the analysis of State Treasurer Jeff DeWit). So your choice is to vote for the students of today ("yes" on 123) or vote for the students of tomorrow ("no" on 123). Either way we all lose because this is not a choice that had to be made.

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