Bill > HB4096

This bill appropriates a total of $999,000,000 from the state general fund to the state treasurer over three fiscal years (2026-2027, 2027-2028, and 2028-2029) to compensate eligible claimants or property owners in Phoenix for damages due to decreased property values caused by the city's zoning ordinances and other actions. To be eligible for these funds, individuals must provide proof of a successful claim, settlement, or judgment against the city of Phoenix, and these distributions will replace any direct payments from the city. The legislature also intends to reduce the state's shared revenue to the city of Phoenix by $333,000,000 each fiscal year during this period, prioritizing reductions from urban shared revenues and then from state transaction privilege tax revenues, which is a tax on the privilege of conducting business.

Budget and Finance

https://apps.azleg.gov/BillStatus/BillOverview/85618