News Update – November 5

Industry News for November 5, 2015

Along with 23 other states, Arizona has filed suit against the Environmental Protection Agency over the federal rule aimed at reducing carbon emissions by 30 percent by 2030. The suit was filed by the Arizona Corporation Commission, who is represented by Arizona’s Attorney General, Mark Brnovich. While the suit requests that the court stay the rule until its legality is determined, ADEQ has been holding workshops since August to develop a state plan to comply with the rule.

Last week, the Arizona Legislature met in a special session to approve a settlement of a longstanding lawsuit by schools with regard to education funding. Governor Ducey signed the measure, which must still be approved by voters in a statewide special election set for May 17, 2016. The $3.5 Billion increase in K-12 funding over the next ten years will increase the distribution to schools from the state land trust, if the voters approve.