Arizona Constitution Article 9 - PUBLIC DEBT, REVENUE, AND TAXATION
Here’s a clear summary of the Arizona Constitution – Article 9: Public Debt, Revenue, and Taxation:
🧾 Arizona Constitution — Article 9: Public Debt, Revenue, and Taxation
This article regulates how Arizona manages its public finances, including debt, taxation, and revenue collection.
🔑 Key Sections & Highlights:
1. Public Debt
Limits on State Debt: The state cannot incur debt beyond a certain limit unless authorized by law or voters.
Bonds: The state can issue bonds for public projects but must adhere to strict guidelines.
Debt Approval: Some debts require voter approval before being issued.
Repayment: Debt must be repaid from designated sources, and there are restrictions on using taxes for repayment.
2. Revenue
Tax Power: The legislature has the power to impose taxes, but it must be uniform and fair.
Restrictions: No property may be exempt from taxation except as provided by law.
Revenue Usage: Revenue collected must be used according to law and cannot be diverted for unauthorized purposes.
3. Taxation
Uniformity Clause: Taxes must be uniform on the same class of subjects.
Assessment and Collection: The article governs how taxes are assessed, levied, and collected.
Limitations on Tax Rates: There may be caps or limits on tax rates for certain types of taxes.
Special Taxes: Special taxes or assessments may be imposed for specific public improvements or services.
4. Miscellaneous Provisions
Audits: State financial accounts must be audited regularly.
Budget Restrictions: The article may include provisions restricting how funds are budgeted or spent.
Transparency: Ensures public oversight and accountability of state finances.
🧠 Purpose and Importance:
To ensure sound fiscal management of the state’s finances.
To limit excessive borrowing and protect taxpayers.
To maintain fairness and uniformity in taxation.
To guarantee public funds are used properly for the benefit of Arizona residents.
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