municipal debt limits;
streets
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Committee on Counties & Municipalities |
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Committee on Ways & Means REVISED |
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Caucus and COW |
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As Passed the House |
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HCR 2010 allows incorporated cities and towns to incur debt up to 20 per cent (instead of up to six per cent) of the taxable property value within the incorporated city or town for the construction and maintenance of roads.
Article IX, Section 8 of the Arizona Constitution stipulates that cities, towns, school districts, and counties [political subdivisions] cannot incur debt greater than six per cent of the taxable property value in that political subdivision without voter approval. Even with voter approval, the counties and school districts cannot incur debt exceeding 15 per cent of the taxable property value. The Arizona Constitution also allows incorporated cities and towns to become indebted up to 20 per cent for sewers, lights, water supplies, and the acquisition of land for parks, open space preserves, playgrounds and recreational facilities.
HCR 2010 adds the construction, reconstruction, improvement or acquisition of streets, highways, and bridges to the items that incorporated municipalities may incur debt up to 20 per cent and requires the Secretary of State to submit this proposition to the voters in the next general election.