Special election early voting to start April 20

Special election, May 17

The last day to register for the May 17 jurisdictional election is April 18. Early voting begins April 20.

Two propositions are on the ballot for the May 17 statewide special election, Elizabeth Bartholomew, legislative analyst and communications manager for the Maricopa County Recorder’s office, said in an e-mailed response to questions. Others could be added, she said.

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The first is Proposition 123, a proposed amendment to the Arizona Constitution by the legislature relating to education finance.

A “yes” vote shall have the effect of increasing distributions from the State Land Trust Permanent Endowment Fund in fiscal years 2016-25 from 2.5 percent to 6.9 percent of average monthly market values to benefit Arizona K-12 schools, colleges, and other beneficiary institutions, including a $259,266,200 distribution in fiscal year 2016; and includes protections for state funds in the case of a severe economic downturn, according to language that will appear on the ballot and provided to the Independent by Ms. Bartholomew.

A “no” vote shall have the effect of retaining the existing 2.5 percent distribution formula from the State Land Trust Permanent Endowment Fund and maintaining current funding levels for Arizona K-12 schools, colleges, and other beneficiary institutions.

The second is Proposition 124, another proposed amendment to the Arizona Constitution by the state legislature. Prop 124 relates to public retirement systems.

The proposition will permit the state to adjust certain benefits in the public safety personnel retirement system to alleviate system underfunding, according to the ballot verbiage provided by Ms. Bartholomew. It includes the replacement of the current permanent increase structure with a cost of living adjustment that is indexed for inflation and capped at 2 percent per year.

A “yes” vote will allow the state to adjust certain benefits for public safety retirees, including the replacement of the current permanent benefit increase structure, with a cost of living adjustment based on inflation, capped at 2 percent per year.

A “no” vote shall have the effect of maintaining the current benefit increase structure in the underfunded Public Safety Personnel Retirement System and prohibiting the proposed legislative adjustment intended to stabilize the system.

For information and to register to vote, visit the secretary of state’s website.

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