by Matthew Holloway | Jan 27, 2026 | Economy, Must Read, News
By Matthew Holloway |
Arizona State Representative Chris Lopez (R-LD16) is leading legislation to establish a Commercial Property Assessed Capital Expenditure (C-PACE) program in Arizona, aiming to expand private investment, modernize infrastructure, and support economic growth in Pinal County and across the state.
The legislation, House Bill 2824, would authorize local governments to offer C-PACE financing for commercial and industrial properties. The market-driven tool allows property owners to access low-cost, long-term private capital for projects that improve energy efficiency, conserve water, enhance resiliency, and fund infrastructure upgrades.
According to HB 2824, the “C-PACE Program” in Arizona would be defined as “a special assessment program that provides commercial property assessed capital expenditure financing for eligible improvements” that local governments may establish through voluntary special assessment agreements with property owners.
Eligible projects under the proposed program include investments in energy systems, water and wastewater infrastructure, building retrofits, manufacturing facilities, agricultural processing, and logistics development, all sectors central to rapid economic growth.
“Pinal County is one of the fastest-growing regions in Arizona, and we need smart, market-driven tools to help our communities keep pace,” Lopez said. “C-PACE unlocks private capital for major commercial and industrial projects without raising taxes or creating new government debt.”
Unlike traditional public financing, which leans heavily on incurring public debt, C-PACE financing relies entirely on private investment. Participation in the program would allow property owners to repay the financing through a special assessment tied to the property, a structure which advocates say provides long-term certainty for lenders and developers while shielding taxpayers.
Similar Commercial Property Assessed Capital Expenditure (C-PACE) frameworks have already been authorized in other states, including North Carolina, Idaho, and Arkansas. Arizona would join over 40 states that have authorized C-PACE, according to the release from Lopez, “helping unlock billions of dollars in private investment nationwide.”
“As Pinal County continues to attract major employers and advanced manufacturing facilities, we must ensure our communities have the infrastructure to support that growth,” Rep. Lopez added. “This legislation gives cities and counties another tool to compete, attract investment, and build for the future.”
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
by Ethan Faverino | Jan 23, 2026 | Economy, News
By Ethan Faverino |
Arizona State Representative Leo Biasiucci (R-LD30) has introduced House Bill 2839, bipartisan legislation that would prohibit cities and towns across Arizona from imposing transaction privilege taxes or similar local taxes on food items that are eligible for purchase with benefits from the Supplemental Nutrition Assistance Program (SNAP) and the Special Nutrition Program for Women, Infants, and Children (WIC).
“In her State of the State address, Governor Hobbs said she wants to lower taxes for hardworking Arizona families,” stated Rep. Biasiucci. “I’m taking her at her word and answering that call by introducing HB 2839. This bill removes local taxes from the one thing every family needs to survive—food.”
HB 2839 amends ARS Section 42-6015 to clarify that municipalities may not levy transaction privilege, sales, use, franchise, or other similar taxes on SNAP and WIC-eligible food items, regardless of whether the purchaser participates in those programs.
These federal programs cover basic, essential foods such as fruits, vegetables, meats, dairy, breads, and other necessities for “home consumption.” Taxing these items increases costs for families already facing tight budgets, and the bill aims to provide tax relief by extending the exemption uniformly.
“Taxing SNAP and WIC food purchases is wrong. These are necessities, not luxuries,” added Biasiucci. “If the Governor is serious about lowering taxes, this bill should be an easy yes. If she vetoes it, that will speak volumes. Arizonans will know exactly where she really stands when she talks about tax relief for families.”
The legislation would apply retroactively to taxable periods beginning on or after the first day of the month following the general effective date, ensuring swift relief if enacted. Supporters highlight that approximately 70 Arizona municipalities currently impose some form of tax on food, and this measure could help families save hundreds of dollars annually on groceries.
Representative Biasiucci is joined by a bipartisan group of co-sponsors, including four Democratic representatives, fifteen Republican representatives, and one Democratic senator.
Ethan Faverino is a reporter for AZ Free News. You can send him news tips using this link.
by Staff Reporter | Jan 20, 2026 | Economy, News
By Staff Reporter |
The Republican faction of Congress’ Joint Economic Committee (JEC) reported inflation as “hold[ing] steady” in its monthly update released last week.
JEC Republicans reported in a press release accompanying the update that the Consumer Price Index (CPI) “remained relatively steady” at just under 2.7 percent year over year in December.
The coalition stated that November’s end CPI (2.74 percent) represented “the biggest [inflation] drop” since March 2025.
Food and energy prices went up by half a percent to almost three percent from 2024 to 2025, respectively; the latter by far outpacing the former.
Food price inflation hit 3.07 percent, up .56 percent year over year. Energy price inflation hit 2.30 percent, up by 2.82 percent year over year.
These price increases were felt differently based on region. Those in the Northeast were hit hardest by inflation (3.3 percent), then the West (2.9 percent), and then the Midwest (2.7 percent). The South felt it the least of all the regions, with inflation hitting 2.2 percent.
Income year over year overall saw increases: an increase in 1.07 percent for all employees and a .57 percent increase in weekly earnings. There was a “virtually unchanged” decline in hourly earnings of .01 percent.
President Donald Trump broke down this latest report as part of his address on the state of the economy in Detroit last Tuesday.
Trump said the U.S. has experienced “the greatest year in history” in terms of its finances.
“Under our administration, growth is exploding, productivity is soaring, investment is booming, incomes are rising, inflation is defeated. America is respected again like never before,” said Trump. “There’s never been numbers like this.”
Trump said the stagflation (low growth, high inflation) that took place under his predecessor, Joe Biden, was “a disaster” for the country. Trump claimed the current economy has “the highest growth” it’s ever had.
“The Trump economic boom has officially begun,” said Trump.
The president said he would work with Venezuela on oil, and aims to reduce gas prices beyond its current six-year low.
Trump called Federal Reserve Chairman Jerome Powell “a real stiff.” He expressed a desire to have a high-performing market matched with lower interest rates, not higher — he said the former arrangement was the norm years ago.
“Our growth potential is unlimited and could be much higher if we went back to sanity,” said Trump. “We announce good numbers and we see the stock market drop. And I say ‘What the hell is going on?’”
Trump said he secured commitments for over $18 trillion in new investments into the country, compared to Biden’s under $1 trillion secured in four years.
A White House press release following Trump’s remarks maintained that the latest inflation report came in below economists’ expectations. Their statement compared Trump’s core inflation (2.4 percent) as “much lower” than former President Joe Biden’s 3.3 percent annual rate.
Their summary also emphasized that wages are “rising” on track to four percent: an estimated $1,100 real wage gain among private sector workers, and $1,300 real annual earnings gain among goods-producing workers.
AZ Free News is your #1 source for Arizona news and politics. You can send us news tips using this link.
by Matthew Holloway | Jan 19, 2026 | Economy, News
By Matthew Holloway |
Arizona House Majority Whip Julie Willoughby (R-LD13) has introduced legislation to temporarily suspend the state gasoline tax in Maricopa and Pinal counties during the summer months, citing higher fuel costs tied to air-quality regulations.
According to a release from the Arizona House Republican Caucus, Willoughby’s House Bill 2400 would suspend the state’s 18-cent-per-gallon gas tax on the special Cleaner Burning Gasoline blend required in Maricopa and Pinal counties from May through September.
“Because of federal requirements, families in Maricopa and Pinal counties are forced to pay more at the pump than the rest of Arizona,” Willoughby said in a statement. “During the summer, these counties can only sell Cleaner Burning Gasoline—a boutique fuel blend refined in limited quantities, primarily in California. That limited supply drives up costs, and Arizona drivers pay the price.”
“In 2023, Phoenix drivers paid higher gas prices than Los Angeles,” she continued. “As California refineries shut down, supply constraints will increase—pushing prices higher at a time when families are struggling with rising costs. Arizona now ranks as the sixth most expensive state in the nation for gas.”
Because of the added production and transportation costs, drivers in Maricopa and Pinal counties often pay more for gasoline than motorists elsewhere in Arizona, according to the House GOP. The release cited comparisons showing Phoenix-area gas prices exceeding those in Los Angeles during parts of 2023.
Willoughby said lawmakers have previously worked with federal officials to explore lower-cost fuel alternatives, but federal environmental requirements have limited available options. Her proposal includes a provision to backfill lost revenue to the Highway User Revenue Fund, which supports transportation infrastructure and is shared by state and local governments.
“Republicans are focused on affordability,” Willoughby said. “Our Majority Plan is about upholding the American Dream and making sure the cost of living doesn’t keep climbing out of reach for working families.”
In addition to the state tax suspension, Willoughby is advancing House Concurrent Memorial 2008, which urges Congress to suspend the federal gas tax on Cleaner Burning Gasoline during the same May-to-September period.
Matthew Holloway is a senior reporter for AZ Free News. Follow him on X for his latest stories, or email tips to Matthew@azfreenews.com.
by Ethan Faverino | Jan 19, 2026 | Economy, News
By Ethan Faverino |
U.S. retail sales experienced healthy growth in December 2025, aligning holiday season results closely with its forecast for record consumer spending, according to the National Retail Federation (NRF).
“December Retail Monitor data saw a sharp surge in growth as consumers continued prioritizing holiday spending on family and friends,” said NRF President and CEO Matthew Shay. “Continued economic momentum helped land 2025 holiday sales near the top of NRF’s forecast, reaffirming that consumers remain on solid footing.”
The Retail Monitor, which draws from actual, anonymized credit and debit card transaction data, showed that holiday sales from November 1 through December 31, 2025, increased 4.1% year-over-year.
This performance fell within NRF’s pre-season forecast range of 3.7% – 4.2% growth over the same period in 2024, which projected total holiday spending surpassing $1 trillion for the first time. Official December figures from the U.S. Census Bureau have not yet been released.
Key December highlights include:
- Total retail sales (excluding car dealers and gas stations) rose 1.26% month over month on a seasonally adjusted basis and 3.54% year over year, unadjusted. This marked a significant increase from November’s 0.12% monthly gain and 4.53% annual gain.
- Core retail sales (excluding car dealers, gas stations, and restaurants) climbed 1.6% month over month and 3.58% year over year, compared to a slight 0.04% monthly decline and 4.66% annual increase in November.
A calendar shift contributed to December’s strong performance, as a late Thanksgiving pushed Cyber Monday to December 1, adding an extra high-volume shopping day to the month’s totals.
The full year’s impact was notable, with total 2025 retail sales up 4.93% over 2024 and core sales rising 5.08%.
December sales increased in six out of the nine tracked categories on a year-over-year basis, with strong performances in:
- Clothing and accessories stores: +6.11% year-over-year, +2.05% month-over-month
- Sporting goods, hobby, music, and book stores: +5.16% year-over-year, +3.52% month-over-month
- Digital products: +3.6% year-over-year, +0.98% month-over-month
- General merchandise stores: +3.42% year-over-year, +2.9% month-over-month
- Grocery and beverage stores: +2.85% year-over-year, +0.33% month-over-month
- Health and personal care stores: +2.5% year-over-year, +1.92% month-over-month
Categories showing year-over-year declines included electronics and appliance stores (-0.09%), furniture and home furnishings stores (-0.82%), and building and garden supply stores (-5.3%), though all posted positive monthly gains.
Ethan Faverino is a reporter for AZ Free News. You can send him news tips using this link.
by Ethan Faverino | Jan 18, 2026 | Economy, News
By Ethan Faverino |
State Representative Nick Kupper (R-LD25) introduced House Bill 2325, also known as the Own Something and Be Happy Act. This legislative measure is designed to reduce the growing influence of large institutional investors in Arizona’s single-family housing market and restore ownership opportunities for working families.
The bill, which amends Title 44 of the Arizona Revised Statutes by adding Chapter 42, targets corporate dominance that has driven up home prices and made it harder for Arizona residents—particularly first-time buyers—to purchase homes in their communities.
Key provisions include:
- Capping institutional ownership at no more than 50 single-family homes statewide.
- Prohibiting bulk purchases, defined as acquiring two or more single-family homes in a single transaction or within a rolling 12-month period by the same entity.
- Imposing a 60-day waiting period, during which institutional investors are prohibited from bidding on or purchasing newly listed single-family homes, giving individual buyers priority.
Institutional investors—defined as entities owning or managing 10 or more single-family homes in Arizona—exceeding the cap on the bill’s effective date would be prohibited from new acquisitions and encouraged to voluntarily reduce holdings to achieve compliance.
The legislation includes targeted exemptions to avoid unintended impacts on housing efforts, such as:
- Nonprofit organizations focused on affordable housing
- Government housing agencies
- Community land trusts
- Small property owners (fewer than 50 homes)
- Pension funds of fiduciary entities with assets under $5 million
- Homebuilders whose primary business is constructing new homes for individual sale
To ensure transparency and accountability, HB 2325 requires institutional investors to file annual disclosures with the Arizona Department of Housing by March 15, detailing the single-family homes they own, purchase, or sell, along with their compliance with applicable laws.
Enforcement authority rests with the Arizona Attorney General, who may investigate violations, seek injunctive relief, or pursue other remedies. If the Attorney General declines action, county or city attorneys in the relevant jurisdiction are empowered to step in.
Representative Kupper emphasized the bill’s alignment with broader national concerns over housing affordability. “President Trump is right to call this out,” Kupper stated. “Homeownership has long been central to the American Dream and the reward for hard work. When large investment firms buy up neighborhoods, families lose, and prices climb. HB 2325 puts Arizona on the side of working people who want to own a home, raise a family, and stay rooted where they live.”
“Housing costs have climbed nationwide as institutional investors expanded their residential footprint, while homeownership rates for younger Americans have stalled,” continued Kupper. “In Arizona, population growth and limited housing supply have intensified the squeeze on first-time buyers. This bill draws a clear line. Arizona homes should be owned by Arizona families, not treated like financial instruments by distant corporations.”
Ethan Faverino is a reporter for AZ Free News. You can send him news tips using this link.
