By Dahui Li
An additional five billion dollars can make a huge difference in the Arizona state. The other day, I proposed that, as a state, two billion dollars to be added in our budget to improve the education sector. This is to pull us from the poorest 50th position in per student funding and rank us at a better level with states like Tennessee. As a result, our schools will be ranked among the best in the country. If the state had that extra five billion in its budget, we could spend only two billion dollars on our education system and remain with three billion to cover other essential state needs. This will mean better bridges, improved roads, and street lighting while still having the best education system in the country.
You, as taxpayers, may ask, “Where does a state like Arizona get that huge amount of money to support the public school?” But according to economist Hendricks’ article in the Wall Street Journal, the answer is very simple; we will have that in our reserves every year from now on if we come up with the right strategy of getting taxes from the right sources and improve our tax system.
According to research done by economists Tom Rex and Hoffman Dennis, forty percent less in general-fund taxes was received in 2014 as compared to what was collected in 1993. Let us take our moment to absorb that.
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