Proposition 123
Coverage of Proposition 123 in the Nexus archive.
- 5 new state-funded housing projects are coming to Denver
The state will fund five affordable housing projects in Denver totaling over 400 units, supported by Proposition 123. Projects include supportive housing for low-income families and communities in neighborhoods like Golden Triangle and Montbello, with funding allocations ranging from $1.45 million to $6 million.
- Hobbs signs $18.3B Arizona budget, calling Trump-conforming tax cuts a ‘historic’ win
Arizona Gov. Katie Hobbs signed an $18.3 billion fiscal year 2027 budget with bipartisan support, including $1.4 billion in tax cuts aligned with Trump’s tax policies. The budget reduces funding for state agencies and includes a three-year moratorium on data center tax credits, while expanding child tax credits and increasing the standard deduction.
- Arizona’s $18.3B budget deal sets up Thursday vote — and leaves little room for changes
Arizona’s $18.3 billion state budget deal was agreed upon by legislative leaders and Governor Katie Hobbs, with a fast-tracked vote scheduled for Thursday. Key elements include $1.4 billion in tax cuts aligning with federal changes and compromises between Republicans and Democrats on agency funding cuts, tax exemptions, and healthcare coverage.
- Hobbs lifts bill-signing moratorium after a week of budget negotiations with Republicans
Arizona Governor Katie Hobbs ended her month-long bill-signing moratorium after a week of negotiations with Republicans. The Republicans had approved a budget aligning Arizona’s tax code with federal changes under President Donald Trump, which Hobbs vetoed. The budget included tax cuts funded by agency cuts, and the legislature adjourned for most of May after the veto.