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Higher taxes for rich sought to fund Arizona education

Posted: 3:03 PM, Apr 27, 2018
Updated: 2018-04-27 23:12:29-04
Higher taxes sought to fund Arizona education

A group of Arizona education advocates are pushing a ballot initiative to raise the income tax on high wage earners to fund public education.

The measure was filed at the Secretary of State's office on Friday by organizers outside of the #RedforEd movement that's mobilized a statewide teacher walkout.

The proposal would raise the income tax rate by 3.46 percent on individual incomes above $250,000 or household incomes higher than $500,000.

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The rate would increase by 4.46 percent for individual income above $500,000 and household incomes above $1 million.

Sixty percent of the new funds would go toward teacher salaries. Forty percent would be added for all-day kindergarten and other uses.

The measure requires more than 150,000 signatures filed by July 5 to get on the ballot.