TopNews3/23: Grocery tax, Ford EV loss, “suspicious odors”.

Food tax ban heading to Hobbs desk. Senate Bill 1063 passed the Arizona House by a party line 31-29 vote yesterday after its recent passage in the Senate. The Republican bill now faces an uncertain future as it heads to Governor Hobbs desk for her signature. The bill, if enacted would disallow Arizonas 91 towns and cities from enacting a sales tax on groceries. Taxes on groceries burden nearly 2/3 of Arizona’s towns and cities with close to $200 million in taxes per year. Many municipalities however are pushing for a Hobbs veto pointing out that they will lose tax revenue for their budgets if the measure is enacted.

More flooding issues in Northern Arizona. This time, several buildings were evacuated at NAU due to “suspicious odors”. Apparently cold flood waters mixed with warmer temperatures in utility tunnels under several NAU buildings creating an bad smelling vapor that was later determined to be non toxic.

Stoneman Lake Road closed due to flooding. Local residents can still gain access but the road is closed to all others “due to running water and very muddy conditions from recent rain and snow melt. Signs are in place to direct motorists away from the closed area.”

Egg-extension? AZ Senate Commerce Committee votes 4-3 to allow AA eggs to stay on store shelves for 30 days, 6 days longer than currently allowed. Most states already allow this with several having no time limits at all. Currently A graded eggs can stay in the shelf up to 45 days. HB 2750 now heads to the full Senate for approval.

Fords electric vehicle (EV) business loses $2 billion in 2022. Fortunately for the motor company though most of its customers still want internal combustion engines to the tune of $10 billion in net profits, thus limiting their EV losses.

Senator Ted Cruise of Texas has introduced a bill that would ban the Federal Reserve from issuing a Central Bank Digital Currency, CBDC. “The federal government has no authority to unilaterally establish a central bank currency,” Cruz stated in a press release. “This bill goes a long way in making sure big government doesn’t attempt to centralize or control cryptocurrency and instead, allows it to thrive in the United States.”

Categories: Jeff's TOP NEWS Picks, State of Arizona

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