AZ HB4096

Appropriates $999,000,000 total from the state general fund to the state treasurer over three fiscal years ($333,000,000 each in FY 2026-2027, 2027-2028, and 2028-2029)

Funds designated to compensate property owners in Phoenix for diminished property values resulting from city zoning ordinances and related actions

Claimants must present proof of successful claim, settlement, or judgment against the city of Phoenix to receive distribution from the state treasurer

State payments replace direct payments from Phoenix, with distributions held indefinitely until eligible claimants come forward

Legislature intends to offset these appropriations by reducing Phoenix's state shared revenues by $333,000,000 annually for the three fiscal years, first from urban shared revenues then from state transaction privilege tax revenues