Analysis by Legislative Council:
Article IX, section 8 of the Arizona Constitution limits the amount of debt that counties, cities, towns, school districts and other municipal corporations may incur to six percent of the value of the taxable property in the political subdivision unless qualified electors who are also property taxpayers in the political subdivision approve additional indebtedness of up to fifteen percent. In addition, the Constitution permits incorporated cities and towns, with the approval of qualified electors who are also property taxpayers, to incur debt up to twenty percent of the value of taxable property in the city or town to supply water, light and sewers and to acquire land for parks and preserves.
Proposition 100 would amend Article IX, section 8 to do all of the following:
(1) Remove the requirement for voting in political subdivision elections to approve indebtedness that the voters must be property taxpayers, but retain the requirement that they be qualified electors. This change would conform the Arizona Constitution to a United States Supreme Court decision.
(2) Specify that the last assessment for state and county purposes must be used in determining the value of taxable property in incorporated cities and towns.
(3) Allow incorporated cities and towns to include debt for the construction, reconstruction, improvement or acquisition of streets, highways or bridges and the acquisition of interests in land for rights-of-way for streets, highways or bridges in the twenty percent debt limit, with voter approval.