Amends the Arizona Constitution, with an affirmative vote of at least three-fourths of the members of each house of the Legislature, to permit the Department of Public Safety (DPS) to receive a portion of money from the Smart and Safe Arizona Fund (SSAF).
SSAF consists of money from Proposition 207, which is 16% excise tax on the sale of recreational marijuana products and license and registration fees. After agencies pay administrative costs, the remaining funds are distributed to community college districts (33%), municipal police and fire departments (31.4%), the Highway User Fund (25.4%), the Justice Reinvestment Fund (10%) and the Attorney General (0.2%) (A.R.S. § 36-2856).
It is estimated that the tax from Proposition 207 will total to:
1) $120,142,800 in FY 2022;
2) $132,157,000 in FY 2023; and
3) $145,372,700 in FY 2023 (FY 2023 Baseline Book).
The Public Safety Personnel Retirement System (PSPRS) is a retirement plan for municipal firemen and policemen, employees of the Arizona highway patrol and other public safety personnel in the Arizona (A.R.S. § 38-841). The Public Safety Personnel Defined Contribution Retirement Plan (CRP) includes public safety personnel in Arizona who are not covered by the federal old age and survivors insurance system and were hired on or after January 1, 2012 and before July 1, 2017 (A.R.S. § 38-865.01).
House COW, Third Read on 2-23; House Reconsider 3-2