- Proposition 200 - the Payday Loan Reform Act - if passed, this initiative would allow the payday-loan industry, which faces elimination in 2010 when an enabling law expires, to practice in the state extended indefinitely; reduce the fees payday lenders are allowed to charge from $17.65 to $15 on a $100, two-week loan; and would not permit lenders to roll over the principal into extended loans and make them offer consumers repayment plans. There are valid arguments both for and against. The initiative itself was sponsored by Americans for Financial Reform, which is funded by payday-loan industry. I've wavered back and forth on this proposition, but after reading this report from the non-partisan Center for Responsible Lending, I will vote NO. Here's the AZ Republic breakdown.
- Proposition 201 - the Homeowner's Bill of Rights - this initiative seeks to establish a minimum 10-year warranty on new homes, extend the statue of limitations for bringing a court action to 10 years, give homeowners the right to choose from three contractors to fix any repairs, and rewrites the current rules to protect the homeowner from the responsibility of the builder's attorney fees. Here's the AZ Republic information. I've never bought a new home, so I can't really speak from personal experience here, and it's not a something I feel strongly about. If this initiative passes, it will prohibit the two parties from resolving a dispute out of court, which I am unhappy about. I think I'll be voting a tentative NO.
- Proposition 202 - the Arizona Stop Illegal Hiring Act - this statute is pretty complicated, and rather than blather on here, I'll just point you to this synopsis on Ballotpedia. Illegal immigration is a difficult issue, and I'm not going to go into all my opinions here - let's just say that if Russell Pearce is against something, I'm usually for it! I will vote YES on this proposition. The AZ Republic's page is pretty brief.
- Proposition 300 - Commission on Salaries for Elective State Officers - this would simply raise legislators salaries from $24,000 to $30,000 per year. Considering our disaster of a state budget this year, I'm going to vote NO on this proposition. That salary is pretty good for a part-time job. Nevertheless, here's the AZ Republic blurb.
October 15, 2008
Arizona Ballot 2008 - Part 2
I had a very busy weekend, followed by a few very busy days at work, so I haven't had the time until now to continue going over the ballot. Let's just get right to it, shall we?