A group of teachers and education advocates have filed a ballot measure to raise income taxes on wealthy Arizonans to pay for the state’s public education. They call it the Invest in Education Act.
The proposal would increase the state’s 4.54-percent personal income tax rate to 8 percent for those who earn more than $250,000 or whose household income reaches more than $500,000. It would also double the rate to 9 percent for individuals who earn more than $500,000 or whose household income is greater than $1 million. The group backing the initiative estimates the proposal would generate $690 million annually in new revenue. The say the plan will impact only 1% of Arizonans.
The ballot measure would assign 60 percent of the revenue from the tax hike for teacher salaries and the 40 percent for operations costs for all day K and raises for school support staff. Schoool funding and support staff raises are two of the #redfored movements demands to the Arizona legislature.