Last month, Phoenix was sued for allowing a developer to skip paying $8 million in property taxes in return for building a 19-story apartment complex near Roosevelt Row in downtown Phoenix.
The city’s continuing tax giveaways – which leave you and I holding the bag for select developers’ share of funding public schools – have prompted a crackdown at the Arizona Legislature. Our leaders, in one of their rare good moves, recently voted to limit these giveaways beginning later this summer to eight years, down from the current 25.
And the city’s response to the legislation and the lawsuit by the Goldwater Institute?
On Wednesday, the Phoenix City Council voted 7-2 to allow yet another developer to skip paying $9 million in property taxes in return for building three apartment towers near Roosevelt Row. (Councilmen Sal DiCiccio and Jim Waring were the no votes.)