Exploring Proposition 123

- Voters are being asked to make a big decision when it comes to funding education in Arizona, it's Proposition 123.

It has to do with the amount of money being taken from a permanent state land trust to fund education. When Arizona became a state they were given 11 million acres by the Federal Government to sell or lease, and to take that money, create a fund, and invest it. 

The returns on that investment would then go to fund state schools forever. Kind of a like a 401K for education.

But imagine if you have a 401K and you have a big important bill you have to pay, do you withdraw money from your 401K to pay that bill?

That is the what voters are being asked to decide. 

FOX 10's Troy Hayden reports. 

Up Next:


  • Popular

  • Recent

Stories You May Be Interested In – includes Advertiser Stories