Historic Agreement Invests in Safer Schools & Communities, Education, Protecting Water, Transportation Infrastructure & Debt Payoff
In the early hours on Thursday, the Arizona House of Representatives passed the FY 2023 State Budget funding the critical needs and priorities that are important for all Arizonans. House Speaker Rusty Bowers hailed the moment, noting it is the first budget in many years to receive strong bipartisan support.
“I am grateful that such a large majority of House members, Republicans and Democrats, have had enough wisdom and courage to work together to find answers to the major problems of our state,” said Speaker Bowers. “Reaching bipartisan agreement on taking care of the needs of the people of Arizona shouldn’t be a rare or historic event, as this was. My hope is that this inspire and foster a renewal of the cooperative spirit that our great state was built upon.”
- $330 Million in Property Tax Relief
- Over $1.25 Billion for State Debt & Pension Payoff
- Ongoing Savings of nearly $120 Million
- Over $1.1 Billion for Protecting Arizona’s Water and Natural Resources
- Over $1 Billion for Transportation Infrastructure Projects
- Over $560 Million in Border Security
- Over $70 Million in School Safety
- Over $1 Billion in new K-12 Education Investments
- Over $800 Million in new ongoing K-12 education funding
- $526 Million in new base level education funding
- Over $400 Million in new one-time education funding
- $425 Million added to Arizona’s Rainy Day Fund
Russell “Rusty” Bowers is the Speaker of the Arizona House of Representatives and a Republican member serving Legislative District 25 in Mesa. Follow him on Twitter at @SpeakerBowers.