Voters do not want the state’s $4 billion surplus wasted on cutting taxes because they believe that Arizona’s tax burden is already low, according to research by the Center for the Future of Arizona (CFA). Instead, voters want to invest the surplus in public schools, economic growth, job creation, business investment, and addressing inflation
“Education and our long-term economic growth are inextricably linked,” explained Dr. Sybil Francis, President & CEO of CFA. “Our research shows that voters care about our long-term economic growth and understand the relationship between robust funding for education and our state’s future prosperity. Not only do they want to invest in education, but they would also prefer increased investment over cutting taxes.”
In all, 82% of likely voters agreed with the following statement, “Economists forecast Arizona will have a $4 billion budget surplus over the next three years. Instead of continuing to cut taxes, we should be increasing funding for education, public safety, roads, and other critical investments that will boost our long-term economic growth.” Support included 70% of Republicans, 93% of independent/unaffiliated voters, and 95% of Democrats.
A sizable 84% of the electorate also believes, “When you compare Arizona to other states across the country, our tax burden is relatively low. Everyone should pay their fair share of taxes to ensure that the state can continue to meet its core obligations.” This statement is supported by 78% of Republicans, 90% of independent/unaffiliated voters, and 92% of Democrats.
“When it comes to the future of Arizona’s economy, voters prioritize investment in education, public safety, and other essential needs while ensuring taxpayers are contributing their fair share,” said Dr. Francis.
