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Home / Election 2012 / Election 2012 News / Ballot Measures / Money keeps pouring in for Prop. 204 “yes” and “no” campaigns

Money keeps pouring in for Prop. 204 “yes” and “no” campaigns

Money keeps pouring in for Prop. 204 “yes” and “no” campaignsThe initiative to maintain a one-penny tax for schools got another financial boost this week, when it received $250,000 from the National Education Association, the campaign reported today.

And in another eye-popping contribution, the Arizona Automobile Dealers Association contributed $339,000 to help defeat the 1-cent initiative.

In fact, money has been pouring into the campaign’s coffers in the last few days.

Counting only big-dollar contributions that were reported this month alone, Quality Education and Jobs, the group that is behind the 1-cent initiative, received $520,000 from four groups, including the teachers association.

The other contributors were We Build Arizona, a coalition of construction and design-related groups, the Children’s Action Alliance, and the Arizona Education Parent Network.

Meanwhile, the opposition campaign has also been raising funds at a healthy clip.

This month, No New Taxes, No on Prop. 204 collected almost $460,000, including $10,000 from former Intel executive Craig Barrett.

The other contributors were the Arizona Free Enterprise Club, which gave $60,000, and the Lincoln Heritage Life Insurance Company, which gave $50,000.

If approved by voters this November, the state will start collecting the one-penny tax once the current temporary sales tax increase expires next year. The bulk of the revenues from the 1-cent tax will go to schools. Significant sums will also be aside for roads and welfare programs.

Backers portray the initiative as the antidote to a lack of education funding.

But critics say it locks into place a sales tax rate that is among the highest in the nation, and no “reform” measures are tied to the dollars that would go to school districts.

 

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