Prop. 208 is also known as the Invest in Education Act. If Prop. 208 is approved by voters, then individuals earning more than $250,000 a year and households earning more than $500,000 a year would pay a 3.5 percent surcharge on the taxable income they earn in excess of $250,000 for individuals or $500,000 for households.
Based on Arizona Department of Revenue models, Prop. 208 would generate $940 million annually for teachers, counselors, therapists, support staff, vocational education and other critical services, said David Lujan, director of The Arizona Center for Economic Progress, who helped draft the initiative.