Facts Sheet
The Invest in Education Act creates a dedicated funding source to keep great teachers in Arizona classrooms and give our students the one-on-one attention they need to be successful.
Our politicians have led us on a 28-year spree of tax cuts that took resources away from public schools and resulted in the teacher shortage crisis we face today, classrooms with outdated textbooks and technology, too many students, and deteriorating facilities.
- Arizona public school students are still missing more than $700 million compared to our investments a decade ago.
- The Invest in Education Act gives voters a solution; it raises new revenue by asking Arizonans who can afford it to pay more in their state income taxes.
- Once passed by the voters, this funding cannot be taken away by the legislature during good economic times or bad.
- The proposition is expected to raise $690 million annually which will be deposited directly into the Classroom Site Fund.
- District and charter schools can use these funds only for teacher salaries and employment-related expenses and for specific educational purposes, such as class size reduction, salaries for support personnel, and full-day Kindergarten.
- The Act will secure resources we can count on to fix the teacher shortage crisis and give Arizona students the support they need to succeed.
WHO SUPPORTS THE INVEST IN EDUCATION ACT?
#INVESTinED is supported by a coalition of people tired of politicians failing our students: teachers, parents, faith leaders, and champions for children. The coalition must submit 150,642 valid signatures by July 5, 2018 to qualify for the November ballot.
What is the proposed change to raise dedicated revenues for schools?
The income tax rate will change from 4.54% to 8.0% for taxable income from $250,000 to $500,000 for individuals and from $500,000 to $1 million for families; and to 9.0% for taxable income above $500,000 for individuals and above $1 million for families.
The highest income Arizona Families pay the lowest share in State & Local taxes.
Invest in Education Committee
Joshua Buckley, Chair
David Lujan, Treasurer
investinedarizona.com
@investinedaz