PHOENIX--(BUSINESS WIRE)--#ASBA--No on Prop 127 – the Arizona Small Business Association (ASBA) through
its Board of Directors, have taken a position to OPPOSE Arizona
Proposition 127, protecting Arizona small businesses and ensuring long
term economic stability. If approved, this measure will significantly
raise electricity rates in Arizona. In order to meet the initiative’s
renewable requirement, utilities will be forced to spend billions of
dollars on new solar farms, added costs will be passed along to
ratepayers in what amounts to a new energy tax on Arizona families and
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small businesses.
“The Arizona Small Business Association believes there is a
tremendous opportunity in developing renewable energy sources for
economic and environmental reasons. Proposition 127 mandates changes in
our utility system without consideration to the economic impact to small
businesses and the underprivileged in our State. The ASBA Public
Policy Committee has determined that it is better to have these major
decisions discussed and implemented within the Arizona legislative
process where these ideas may be thoroughly vetted. In addition, the
amount of money spent on this campaign would be better spent on research
and development on new, viable solar technology rather than voter
persuasion,” said Andy Hann, ASBA Chairman, Public Policy Committee.
If approved, Prop 127 mandates will cost Arizona thousands of jobs,
double energy costs between now and 2060, Arizona would forfeit: $72.5
billion in Gross State Product; $42.5 billion in disposable personal
income; $5.8 billion in state and local tax revenues; and $1.7 billion
in statewide property tax revenue. The Constitutional Amendment would
replace Arizona's current plan for increasing renewable energy use by
imposing a new mandate requiring nongovernmental electric utilities to
increase the portion of their retail energy sales generated from certain
types of renewable energy resources to 50% by 2030.
ASBA continues a 45-year legacy of providing advocacy and resources
to local small businesses, creating new and better ways to make
business-to-business connections, and advocating for public policy
supporting the state of Arizona business community.
Facebook: www.facebook.com/AZSmallBIZ
Contacts
Angelia Hill, Vice President, Marketing
Arizona Small
Business Association (ASBA)
602-306-4000