Invest In Ed Act Clears Signature Hurdle To Be On November Ballot
An initiative to tax the wealthiest Arizonans to help pay for school funding survived a legal challenge. Although opponents are planning an appeal, the measure appears to have enough signatures to make the November ballot.
The “Invest in Education Act” cleared several legal hurdles before the secretary of state verified enough petition signatures to put it before voters.
Over 187,000 signatures were validated by the office, exceeding the minimum needed by more than 30,000.
Arizona’s highest income tax rate is currently 4.54 percent. The ballot measure would raise that to 8 percent for any individuals making more than $250,000 a year, and 9 percent for individuals making more than $500,000.