Phoenix City Council Considering Property Tax Increase
The Phoenix City Council this week started taking votes to approve a new city budget, but the fate of a proposed secondary property tax increase is less certain.
The levy would raise $37 million and would be used to make debt service payments.
We spoke with Phoenix City Manager Ed Zuercher a couple of weeks ago about that.
Some critics of that idea say the city shouldn’t be raising taxes when it has a budget surplus, while others worry about the impact on homeowners.
Kevin McCarthy, president of the Arizona Tax Research Association, is one of the plan’s critics.