New Phoenix Property Tax Increase Passes By 5-4 VoteNew Phoenix Property Tax Increase Passes By 5-4 Vote<div class="ExternalClass88DA134575B84494ACC37D2D4818AE98"><p>​Statement by Councilman Sal DiCiccio, who opposed tax increase, says small businesses and seniors will be hit the hardest. The vote was the closest vote in city history and shows the fiscal irresponsibility of the tax increase.<br><br>"This was nothing more than a money grab by Phoenix politicians who refuse to practice basic fiscal responsibility and accountability."<br><br>Phoenix has the highest revenue in history and a $60 million budget surplus.<br><br>"Small businesses and seniors on fixed incomes will be hurt the most by this new tax."<br><br>The Arizona Tax Research Association published a report opposing this tax and estimated the cost to small business owners may jump approximately $630 more per year.</p></div>7/1/2016 7:00:00 PMDavid Urbinato602-495-5405