appropriation; diminished value; Phoenix; damages

Summary

The bill earmarks $333 million each fiscal year from 2026‑2027 through 2028‑2029 for the state treasurer to pay eligible Phoenix property owners whose homes have lost value due to city zoning ordinances. Payments replace any compensation the city might otherwise provide and reduce the state's shared revenue allocations to Phoenix by the same amounts.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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