Arizona Governor Doug Ducey who has been the champion for Proposition 123, says the votes have been counted and he is declaring victory.
Prop 123 was leading in the polls by a narrow margin Thursday afternoon. The measure provides funding to Arizona's education system by taking money from Arizona's State Land Trust. 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. he returns on that investment would then go to fund state schools forever. Kind of a like a 401K for education.
Soon the money will start going to schools even though some residents have filed lawsuits.
Ducey issued the following statement Thursday evening:
"Thanks to the voters, schools will soon see a cash infusion, with billions of new dollars flowing in the years ahead. This will make the difference in the lives of kids and teachers all across this state, and that can't be understated. These are the resources educators have been telling us they need, and by coming together and working together, we were able to make it happen.
"Many said we should have waited until November, when passage would have been easier. Special election turnout presents unique challenges, and this is certainly the most difficult political environment anyone can recall. However, the schools needed money now, so we took the harder path because it was the right thing to do. I'm gratified that it paid off, with a majority saying yes, and now schools will see funds as early as next month.
"I want to thank all the teachers, parents, education champions, business leaders and elected leaders on both sides of the aisle who worked tirelessly to advocate for this proposition. This was truly a broad, bipartisan coalition that brought individuals together who don't always agree. While this campaign is over, that spirit should live on in all we do, especially when it comes to education."