More Arizonans are saving for their children’s education and benefiting from the stewardship of the state’s treasurer.
This week, the “X” account for the Arizona Education Savings Plan announced that “under the leadership of Arizona Treasurer Kimberly Yee, 33,632 529 accounts have been opened in the last 37 months,” and that “assets are up 16.6% in that same time frame to $1.89 billion.”
Under the leadership of Arizona Treasurer Kimberly Yee, 33,632 @AZ_529 accounts have been opened in the last 37 months. Assets are up 16.6% in that same time frame to $1.89 billion.
Yee serves as the Chairwoman of the AZ529 Plan Advisory Committee. According to its website, this committee “assists the Treasurer’s Office in promoting and raising awareness of the AZ529 Plan in accordance with A.R.S. § 41-179.” The Arizona 529 Plan “is a college savings plan named after Section 529 of the Internal Revenue Code sponsored by the State of Arizona,” and “is designed to provide a parent, grandparent, or anyone else an opportunity to save for a child’s educational dreams within a tax-deferred savings vehicle.”
Last month, the Arizona Education Savings Plan was upgraded to a ‘silver’ rating by Morningstar, which “reflected a superior investment team and/or investment process that should benefit the participants.”
ICYMI: @AZ_529, Arizona's Education Savings Plan was named one of the best 529 plans of 2023! The AZ529 Plan was upgraded to a Silver-rating by Morningstar, reflecting our commitment to effective and diversified education savings.
Joining Treasurer Yee on this advisory committee are the following appointees:
Rural Community College District Representative: Keith Alexander, Special Assistant to the President for Community and Government Relations, Eastern Arizona College
ABOR Public University Representative: Dr. James Rund, Senior Vice President for Educational Outreach and Student Services, Arizona State University
Private Educational Institution Offering Advanced Degrees Representative: Brian Mueller, President, Grand Canyon University
Private Vocational Training Institution Representative: David Eaker, Campus President, The Refrigeration School
Apprenticeship Program Representative: Gary Schleuger, Vice President of State Government Affairs and Relations, University of Phoenix
Private School or Organization offering K-12 Instruction Representative: Chris Schoenleb, Head of School, North Valley Christian Academy
Teacher Representative: Karen Mensing, Technology Integration Facilitator, Paradise Valley Unified School District
Tribal Representative: Honorable Shaandiin Parrish, Council Delegate, Navajo Nation
Public Member: Maria Baier, Vice President of External Affairs, Great Hearts America
Public Member: Christine Burton, Co-Founder, Burton Family Foundation
Public Member Representing an Arizona-Based Nonprofit Organization: Susan Ciardullo, Executive Director, Life Long Learning Inc.
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
Many Arizona officials sent tributes for the passing of an inspirational leader of the state and nation.
Last week, former U.S. Supreme Court Associate Justice Sandra Day O’Connor died at the age of 93. O’Connor grew up in Arizona and paved a way for women in the highest levels of government as she served in the Arizona Legislature and as a Judge on the Maricopa County Superior Court. Following this already historic rise, former President Ronald Reagan nominated O’Connor to the nation’s high court, where she would become the first female Justice on the bench.
“Sandra Day O’Connor was an impactful conservative and a trailblazer who displayed the epitome of a hardworking public servant, a dedicated mother, and inspired many women to pursue leadership roles within the legislative and judicial branches of government,” said Senate President Warren Petersen. “She broke barriers throughout her career, becoming the first woman to serve as Majority Leader for Republicans at the Arizona State Senate and setting the stage for others to follow in her footsteps. The example she set on civil discourse is to be admired. We’re saddened by the loss of this icon, and our hearts go out to O’Connor’s family, but we take comfort in knowing she’ll have lasting positive impacts on our state and nation for generations to come.”
FOR IMMEDIATE RELEASE: Senate Republicans Express Condolences on the Passing of Former U.S. Supreme Court Justice and Arizona State Senate Majority Leader Sandra Day O'Connor@votewarrenpic.twitter.com/q5epm9DyED
Senate Pro Tempore T.J. Shope added, “Very saddened to hear the news about fmr. United States Supreme Court Justice Sandra Day O’Connor today. Before President Reagan nominated her to became the first woman to serve on the U.S. Supreme Court, this legendary Arizonan was our state’s first female Senate Majority Leader, in charge of the State Senate’s Republican Caucus for two terms. I was honored to meet her on several occasions but the most recent was about a handful of years ago on the Floor of the AZ House of Representatives. We offer her family our condolences during this time.”
Very saddened to hear the news about fmr. United States Supreme Court Justice Sandra Day O’Connor today. Before President Reagan nominated her to became the first woman to serve on the U.S. Supreme Court, this legendary Arizonan was our state’s first female Senate Majority… pic.twitter.com/vQh5myo1rg
Governor Katie Hobbs communicated her own sentiments, writing, “Throughout her entire career, as an Arizona legislator, judge, and Supreme Court Justice, Justice Sandra Day O’Connor embodied the humility and civility that is at the core of what it means to be a public servant. Justice O’Connor first broke barriers when she was elected the Arizona Senate Majority Leader, becoming the first woman to ever serve in that role in the United States. Her trailblazing career continued when she became the first woman to ever serve on the Supreme Court, where she was the decisive vote in some of the most critical court cases in our nation’s history. Justice O’Connor’s impact continued far beyond the bench, with a lifelong commitment to civic engagement and civil discourse, which is more important than ever. Her legacy will forever be ingrained in the fibers of our state and nation’s history. The hearts of every Arizonan are with her and her family today as we mourn the loss of a true trailblazer.”
Justice Sandra Day O’Connor put people above all else and created an eternal legacy that will forever be ingrained in the fibers of our state and nation’s history.
On behalf of the State of Arizona, I send my deepest sympathies to her family, loved ones & everyone touched by her…
Attorney General Kris Mayes stated, “I am deeply saddened to hear of the passing of Justice Sandra Day O’Connor. She set a powerful example of leadership for so many to follow. Even before her appointment to the Supreme Court, Justice O’Connor’s trailblazing leadership here in Arizona cemented her place in the history of our state. Her humble beginnings on the Lazy B Ranch near Duncan, Arizona was just the start. It was something I always admired about her: how she went from my own beloved rural Arizona, to the marbled halls of the Supreme Court. Justice O’Connor exemplified service leadership throughout her career: Arizona Assistant Attorney General, first woman State Senate majority leader in the country, Maricopa County Superior Court judge, Arizona Court of Appeals judge, and first woman Supreme Court Justice. An icon. My thoughts are with Justice O’Connor’s family and loved ones during this time.”
I am deeply saddened to hear of the passing of Justice Sandra Day O'Connor. She set a powerful example of leadership for so many to follow. 1/
Treasurer Kimberly Yee, who followed in O’Connor’s footsteps as a state senate majority leader, said, “Sandra Day O’Connor was the 1st female Senate Majority Leader in Arizona in 1973. I became the 2nd female Senate Majority Leader 44 years later. She was a trailblazer, worked across the aisle and believed in civil discourse. She was an inspiration to me and women around the world.”
Sandra Day O'Connor was the 1st female Senate Majority Leader in Arizona in 1973. I became the 2nd female Senate Majority Leader 44 years later.She was a trailblazer, worked across the aisle and believed in civil discourse. She was an inspiration to me and women around the world. pic.twitter.com/WE561xK8vG
An Arizona Republican lawmaker is speaking out after the state’s Democrat governor eliminated a contract with a private prison contractor.
Last week, Governor Katie Hobbs’ administration revealed that the state’s contract with Management & Training Corporation (MTC), a private prison contractor, would be terminating on December 31, 2023. According to the Governor’s Office, MTC “operates the Arizona State Prison – Marana, a minimum security prison with capacity for 500 male inmates.”
We are cutting wasteful spending and building a corrections system that is efficient, effective and keeps our communities safe.
That’s why we ended a private prison contract, saving taxpayers $15 million over the next two years.https://t.co/hoMwgMUCO6
Both Hobbs and Ryan Thornell, the Director of the Arizona Department of Corrections Rehabilitation and Reentry (ADCRR) expressed enthusiasm over the decision that was announced just days after the Thanksgiving holiday. Hobbs said, “I applaud Director Thornell for his good stewardship of taxpayer dollars. Because of the Director’s leadership, we are cutting down on government waste and saving Arizona taxpayers $15 million over two years while improving public safety. I look forward to ADCRR’s continued work to build a correctional system that is efficient and effective, and keeps Arizonans safe.”
Thornell added, “This is more than just good fiscal sense. It’s about using the totality of ADCRR’s state resources more effectively. The ADCRR is able to absorb the inmates from ASP–Marana, into other prisons here in Arizona. So not only are we demonstrating significant savings, we’re demonstrating, with actions, our ability to be more efficient with the resources already provided to us. The ADCRR is as committed to supporting and developing staff, ensuring inmates have access to quality programming that lends itself to rehabilitation and public safety, as much as we are committed to improved fiscal management.”
The action wasn’t received well by at least one Republican at the State Legislature. Arizona State Senator Justine Wadsack issued a statement to call out the governor for her decision, asserting that the looming closure of the prison “is crushing the Community of Marana during the holidays.”
Wadsack said, “For nearly 30 years, ASP—Marana has been a positive aspect of the community. Through its educational and rehabilitation programs, as well as community services, the facility has helped both inmates and Marana residents. Shame on our Governor for giving them only a few weeks’ notice around the holidays. Although employees will have opportunities to transfer to another facility, many do not have the resources or financial means to relocate or make the long commute. My heart goes out to all the families who are impacted by how poorly this move was implemented. I’d also like to know what the plan is moving forward for the state-owned building that housed this facility.”
The freshman legislator also included a quote from Marana Mayor Ed Honea, who said, “This came as a real shock and really hurts our community. Half of these workers will be completely out of a job. Nearly 90 families were notified just days after Thanksgiving that they won’t have a job at the end of December. What do you tell them? You can’t buy your kids Christmas presents because you have to worry about keeping the lights on? If I was shutting down or merging a department in town, I would give notice three to four months in advance. This is entirely unacceptable.”
The Governor’s Office, perhaps anticipating political attacks over the loss of jobs for Marana, stated that “ADCRR will prioritize employment opportunities for ASP-Marana staff, at other prisons, including Arizona State Prison Complex in Tucson, the closest to the town of Marana.” Hobbs’ press release indicated that there were over 50 employees at the MTC facility.
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
On Thursday, it was announced that Amkor Technology would be bringing a multi-billion-dollar campus to Peoria in the next few years. The company will be partnering with Apple to package and test silicon.
The new Amkor campus is expected be a $2 billion investment and create 2,000 jobs. The Peoria City Council will have to approve the development agreement in 2024.
The Chief Operating Officer for Apple, Jeff Williams, also noted the announcement in a press release for his company. Williams said, “Apple is deeply committed to the future of American manufacturing, and we’ll continue to expand our investment here in the United States. Apple silicon has unlocked new levels of performance for our users, enabling them to do things they could never do before, and we are thrilled that Apple silicon will soon be produced and packaged in Arizona.”
Governor Katie Hobbs weighed in on the news for her state, stating that this project would “be one of the most significant semiconductor investments in the U.S.” and that it would “solidify our state’s leadership in the semiconductor industry – reshoring an essential part of our supply chain to the United States.”
HUGE NEWS ➡️ Amkor announced they’ll build a historic advanced packaging & testing facility in Peoria, which will be one of the most significant semiconductor investments in the US.
This $2 billion investment will create over 2,000 jobs for Arizonans and solidify our state’s…
“Expansion of a US semiconductor supply chain is underway, and as the largest US-headquartered advanced packaging company, we are excited to lead the charge in bolstering America’s advanced packaging capabilities,” said Giel Rutten, Amkor’s president and chief executive officer. “Semiconductor companies, foundries, and other supply chain partners understand the need to strategically broaden their geographic footprint. The announcement of our new advanced packaging and test facility in Arizona is a clear signal of our intent to help our customers ensure resilient supply chains and be a part of a strong American semiconductor ecosystem.”
According to Amkor’s press release, the company has “secured approximately 55 acres of land with intent to build a state-of-the-art manufacturing campus with more than 500,000 square feet of clean room space.”
The announcement from Amkor follows a years-in-the-making project for the Taiwan Semiconductor Manufacturing Company’s (TSMC) construction of a facility in north Phoenix, just outside of Peoria. TSMC’s investment is $40 billion and is expected to create thousands of additional jobs for the area. The facility is expected to start production of the semiconductor chips, that will be then tested and packaged by Amkor, in 2025, providing the company fills its quota of workers.
Peoria Mayor Jason Beck welcomed the announcement from Amkor and Apple, saying, “It is no secret that our nation is reshoring its advanced manufacturing industries. We are proud of Peoria’s global leadership in this movement, and the significant capital investment and quality jobs that it brings to our community. This tremendous announcement is a credit to the City Council’s commitment to economic development, and staff’s hard work and dedication on this project.”
We are proud of Peoria’s global leadership in this movement that will produce semiconductors that are vital to our national security, the significant capital investment in our area, and quality jobs that it brings to our community. This tremendous announcement is a credit to the… https://t.co/WhhuPrbMmR
— Office of Peoria Mayor Jason Beck (@MayorPeoriaAZ) November 30, 2023
This facility won’t likely be the last significant business and investment coming to Beck’s city. The Mayor’s TYR Tactical is one of Peoria’s largest employers, and he used that experience to shape his economic development vision for Peoria’s future. He campaigned on the construction of a city owned airport “that will create thousands of jobs and billions in economic impact” for Peoria, as well as the “creation of culture that is not only Pro Business but moves at the speed and efficiency of business.”
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
Americans are paying the price for an economy seemingly in decline.
A recent study, released by CBS News, showed that “the typical American household must spend an additional $11,434 annually just to maintain the same standard of living they enjoyed in January of 2021, right before inflation soared to 40-year highs.”
These numbers showed that Arizona has experienced the high-end of inflation and added cost-of-living expenses for residents. On average, Arizona households must spend $13,329 more than they did in January 2021. Only two states, Utah and Colorado, are ahead of Arizona.
One of the contributing factors to the higher costs of living in the Grand Canyon State might be the prices at gas pumps, which have consistently been more than many other states in America. Throughout 2023, Republicans at the Arizona Legislature have attempted to get to the bottom of the reasons for the above-average prices for gas. Earlier this fall, the Joint Legislative Ad Hoc Study Committee on Air Quality and Energy convened to hear from Michelle Wilson, the Regulatory Compliance Administrator for the Arizona Department of Weights and Measures.
After the hearing, the Committee issued a press release to publicize that Wilson “admitted the Hobbs Administration was passive when oil companies in March warned of refinery shutdowns,” adding “that according to Wilson, for the first time in five years, the Governor’s office received a request from refineries to ask the EPA for a waiver, allowing for an alternative fuel type to provide an adequate supply for drivers and preventing a hike in gas prices.” Yet after the Governor’s Office “had conversations with the EPA about submitting a request for a waiver, … the EPA convinced Hobbs to not submit one.”
“Rather than making a case on behalf of Arizonans struggling to fill their tanks with prices hitting $5 per gallon, Governor Hobbs chose to not push back against the EPA and was complicit with the Biden Administration’s pro-inflation, radical environmentalist agenda,” said Senator Sine Kerr, the Committee’s co-chair. “As a result of Hobbs’ inaction, Maricopa County drivers were forced to shell out an extra several hundred million dollars just to get to their destinations during this supply disruption.”
The national average for gas prices, as of November 29, is $3.246 for a regular gallon of gas, which is down from last year’s average of $3.521 at the same time. Arizona clocks in at above average at $3.490, down from $4.055 at this time in 2022.
The state’s cost of living is regarded as one of the country’s highest, regardless of the study used to compute the ranking. The MERIC 2022 Cost of Living Index shows Arizona as 37th (out of 50) while RentCafe has the state’s costs at six percent higher than the national average.
Arizona’s housing market is also a contributing factor to the state’s high cost of living. According to Redfin, the median sale price in Arizona is $438,000, compared to $414,633 for the entire U.S. market (as of October 2023).
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
