Phoenix Vote Pits Pension Reform Against Public Safety
Proposition 487 tackles the troubled $2.2 billion city pension plan but has sparked strong opposition.
Imogen Rose-Smith
November 3, 2014
Buildings dot the skyline of Phoenix, Arizona, U.S., on Tuesday, Aug. 18, 2009. The housing slump has spread to commercial real estate in the Phoenix area, where delinquencies on loans backed by office, industrial, retail and apartment properties have risen seven-fold since March, according to Bloomberg data. The real estate bust will stifle economic growth in Arizona and signal what may be a tepid U.S. economic rebound. Photographer: Joshua Lott/Bloomberg
Joshua Lott/Bloomberg
