By Eric Jay Toll | Phoenix Business Journal
Despite support from business, education and political leaders, Gov. Doug Ducey said the passage of Proposition 123 is no slam-dunk guarantee.
It’s not a long-term solution, but litigation resolution. The governor made that clear at the “Next steps, business and education” panel hosted by the Phoenix Business Journal and sponsored by Alliance Bank at the Phoenix Art Museum on April 12.
“With the land sales, we would have $5.1 billion in liquid assets in the school trust,” the governor said in response to a question about the impact of the proposition on the state land trust. “If this were a university endowment, it would be in the top 20 nationally.”
