Arizona Politics Update: Prop 123, Interest Rate Caps And Electric Shutoffs
It’s another hectic day in Arizona politics.
U.S. District Court Judge Neil Wake has issued an order critical of Gov. Doug Ducey and his school funding plan that became known as Proposition 123, which was approved by voters in 2016 after what Wake said was an illegal push by the governor.
A proposed amendment to the state Constitution would allow lenders to charge any interest rate in Arizona, eliminating a cap currently set at 36%.
Along with that, the Arizona Corporation Commission is considering a plan that would prevent electric utilities from shutting off power to customers when especially high temperatures are in the forecast.
To make sense of it all, The Show turned to Howard Fischer of Capitol Media Services.