STATE CAPITOL, Phoenix – A bill to freeze urban revenue sharing at the 2010 level for the next twenty years was held by the Senate Finance Committee Thursday.
“The Urban Revenue Sharing Program helps cities fund vital services,” said Sen. Jack Jackson, Jr. “We are all facing tough times, but it is irresponsible for the state to balance the state budget by shifting the burden to cities. I was ready to vote ‘no’ for this bill in committee and I am thankful this bill was held.”
Currently, incorporated cities and towns receive 15 percent of net income tax collections. SB 1221 would have required the rate to be frozen until fiscal year 2029-2030 with the excess amount to be used to pay lease-purchase and leaseback agreements.
“The City of Flagstaff is extremely appreciative of Senator Jackson’s efforts to protect the financial security of Arizona cities and towns, today and in the future,” said Flagstaff Mayor Sara Presler. “Senator Jackson is an advocate for the people of Arizona and recognizes that balancing the State budget on the backs of local services such as public safety is not a sound strategy.”