Maricopa county and city government crashing the economy

In May of 2010 we wrote an article on the county’s Proposition 100 that seeked to raise the sales tax in order to pay for school expenses. We said that in a shrinking economy raising taxes only serves to further crash the economy.

Naturally most citizens did not understand this and they rushed in to approve Proposition 100.

Now we are fully a year later and the economy is crashing nationally and locally. Arizona’s economy is on life support faring as one of the worst in the country. Foreclosures are up another 7% and Maricopa County is raising property taxes and the Paradise Valley School district wants to float a bond for more school expenses. Tax revenues are shrinking and Maricopa County may not be able to afford the interest on the bonds because the tax revenues are not there.

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