Arizona owners can lose homes over as little as $50 in back taxes

Patricia Miller talks about how her father's west Phoenix home was lost because $808 in property taxes had gone unpaid. It was the home where Devoe Poleeson, the proud family cook and grill master, taught his daughter how to fry eggs. It was the home where he set the oven timer to awaken the kids for school before he left for work. And it was the family gathering place — for holiday parties, wedding receptions and even wakes — during the four decades he lived in the modest west Phoenix home.

The mortgage had long since been paid off. But in 2010, a decade after Poleeson's death, an investor from Utah legally seized the home because a mere $808 in property taxes had gone unpaid. 

"It was tragic for us, for our family, because ... we grew up in that house and all of our memories are there," said Patricia Miller, Poleeson's daughter. "It was a loss that we just couldn't really do anything about. There just wasn't enough money from the insurance he had left to cover everything."

The avalanche of foreclosures that devastated Arizona's real estate market after the 2008 crash arose when thousands of homeowners were unable to pay their mortgages. But since then, other homeowners have faced their own foreclosure crisis, quietly losing their homes at a rate that didn't peak until 2015. 

Tens of thousands of people were at risk of foreclosure in recent years after they fell behind on their property taxes. And, like Miller, hundreds of those people lost their homes, and all their equity — not to the bank or local government, but to private investors.

Homeowners who fall behind on tax bills by as little as Poleeson's $808 — indeed, sometimes by $50 or less — can have their debt bought by other investors or banks. With what's known as a "tax lien" on the property, those investors then have the right to collect not just the debt, but compounding interest, too.

If homeowners can't pay the tax plus interest, they lose their homes and all the equity they've gained.

A review of more than six years of data on tax-lien foreclosures across Arizona shows most of the hundreds of thousands of property-tax liens in the state were paid off, sidestepping foreclosure. And a closer look at Maricopa County shows many tax-lien seizures involved vacant lots.

But of the cases that do lead to foreclosure — 1,734 in Maricopa County since 2010 — more than a third are primary residences. That means that 642 homeowners lost their homes and all their equity.

The data shows just how much can be lost:

  • One investment LLC bought a tiny tax lien — $48.65 — on a faded fixer-upper in south Phoenix, then foreclosed and sold the house for $43,600.

  • Another purchased a $1,390 tax lien on a house in north Glendale, then took the house in foreclosure and sold it for $210,500.

  • In Maricopa County, high-poverty neighborhoods such as the Maryvale area, where Poleeson lived, have been disproportionately affected. Hardest hit are areas with large populations of Latinos and African-Americans, such as west Phoenix, south Phoenix and south Glendale.

"If you successfully foreclose, you normally find them ... in socioeconomically depressed neighborhoods," said Barry Becker, a prominent local attorney who has his own tax-lien investment company. "No one loses their house in Paradise Valley. Very few people lose their house in Scottsdale."

Many cities and counties across the country sell tax liens, andthe system has an immediate public benefit. Investors pay the back taxes immediately, meaning property-tax revenue is restored to counties that have been counting on it in their ever-tightening budgets.

But because the system lets investors pocket the interest or take the home, some say it distorts the government's duty to help, rather than hurt, taxpayers who may be struggling the most.

"It's very vicious and draconian way of enforcing taxpayer compliance, and we should never lose sight of the threat underlying the tax lien is you'll lose your property and all of its equity," said Andrew Kahrl, a professor at the University of Virginia who has studied the history of the tax-lien industry across the country. "The part that should give lawmakers pause are the cases when people lose their homes over a small unpaid tax bill. While rare, it happens more often than people want to recognize."

How tax liens work

When a property owner falls behind on paying taxes, county treasurers place liens on properties with delinquent property taxes. If the taxes remain unpaid after two years, the treasurers auction off those liens to investors, who then pay the delinquent tax, recouping money the counties need.

Investors who bid on those liens buy the right to collect those taxes — with interest — and take the property if the owner will not or cannot pay within three years.

The back taxes aren't a huge chunk of the county budget, but the amounts are still significant. In 2016, Maricopa County recovered nearly $17 million in unpaid taxes through its lien auction, although that is less than 1 percent of the county's $2.2 billion budget that fiscal year.

In interviews, several county treasurers noted that tax-lien auctions benefit both taxpayers and homeowners. The county gets the money it is owed. Delinquent taxpayers actually may benefit, too: For as long as the county holds the lien, the back taxes accrue interest at 16 percent a year. Buyers, though, can bid down the interest rate — in essence, those willing to charge less interest to the property owner win the bid.

A lien buyer may get far less than 16 percent interest, but tax liens are almost guaranteed to turn a profit. The property owner either repays the taxes with interest or the investor gets to foreclose and sell the property.

In addition, tax liens take priority over most other types of debt, including banks' stake in properties when owners default on their mortgages.

When investors foreclose on a home, they often can quickly sell it for an enormous profit, as was the case with Poleeson's house.

After he died in 1999, his four children found it difficult to sell the home because he left no will. Property taxes were paid intermittently. In 2007, their $808 tax lien from 2004 was sold at auction. The family then was obligated to pay the overdue tax to the investor, plus 16 percent annual interest.

That investor foreclosed on the house in the 3500 block of West Earll Drive in Phoenix in 2010 and sold it for $16,000 when the real estate market was near rock bottom. Eight months later, the house was sold again — for $54,900.

The tax-lien foreclosure peak in Maricopa County came in 2015, when investors foreclosed on about 400 properties, ranging from vacant lots to mobile homes in Glendale to apartments in Phoenix to houses in Buckeye.

As Poleeson's case underscores, many foreclosures involve homeowners who have died.

Kahrl,the professor who has studied tax liens, said it's common in such cases for property taxes to slip through the cracks.

"If you have a husband who takes care of their family finances ... the year after that person's death, along with all the other things you're dealing with, you miss your property taxes," he said.

Changing investors 

Tax-lien sales have long been a niche industry, but in recent years, the pool of investors involved has shrunk in Maricopa County. Traditional buyers have been crowded out by large financial institutions that now make bulk purchases of liens at auction. The winning interest rates have nosedived, making each lien less profitable for investors and forcing out smaller companies who can't afford to buy in bulk.

"Smaller investors are happy to just get liens with great interest," said Eric Kessler, one of the most prominent attorneys who represents lien investors. "Historically you could expect to get 8 to 10 percent return on investment if you bought enough liens."

But five or six years ago, Kessler said, big banks and other major investment firms poured into the market, bidding down the interest rates on the liens.

"This left smaller investors in the lurch," he said.

One of these smaller investors was Stan Harrison, who ran a small Oklahoma-based firm investing his and his family's money. He had been buying liens in Maricopa County for years, with nearly 200 in 2010 alone, but soon left the entire industry for good.

"When I first got involved in tax liens, the big banks were not involved," he said. "Because of low interest rates in our economy, they were forced to go where the rates were best, so they got heavily involved in tax liens and they could flood the bidding. Basically they crowded guys like me out. ... Big banks rule the roost now."

Those large institutions have included subsidiaries of major banks, including Bank of America and JPMorgan Chase.

In 2010, there were more than 535 bidders in Maricopa County's tax lien auction. By 2016, there were less than half of that — 208. 

Kessler said the entrance of big banks has shifted focus in the lien business, because the lower interest rates mean the only way to turn a big profit is by taking a property.

"Most of the investors are large funds," he said. "Many investors are pumping millions of dollars into lien investments knowing that they are going to hold onto these for three years. Essentially they are willing to purchase non-performing assets — liens below 2 percent — on a grand scale, just to hold them until they can foreclose."

Seventy-four percent of the winning bids for liens in Maricopa County, where bidders can easily access online auctions, were from out-of-state investors, according to an analysis of auction results from 2010 to 2016. Some investors bid from Canada and, in 2012, an investor from Singapore bought five tax liens at auction.

Even though investors from around the country and world buy tax liens in Maricopa County, the top buyers are a select community of major investors. And so are their local attorneys.

The same four attorneys — Becker, Kessler, Heather Hendrix and Mark Manoil — represented investors in 83 percent of foreclosure proceedings in Maricopa County.

The two companies Hendrix represented, a Nevada-based LLC called National Tax Lien Redemption Services and its Arizona subsidiary, together foreclosed on more properties than any other investor. And 139 of those foreclosures, or 59 percent, were primary residences.

Becker's company, Kolonia, successfully foreclosed on the second-most properties in court, but only 23 percent of them were primary residences. Many of his wins were vacant land.

"Our attitude is that we go for the interest and, if we get property, we just lucked out," he said.

Limited ways to help 

Scattered government efforts to protect homeowners on the edge have had limited success. 

In 2015, former Maricopa County Treasurer Charles "Hos" Hoskins worked with legislators to pass a law permitting homeowners in every county to make periodic payments of back taxes to lien holders rather than paying one lump sum.

But Maricopa is the only county to institute the program. Other counties feared it would deter investors from buying liens and replenishing county coffers.

Royce Flora, the Maricopa County treasurer, conceded that some investors weren't too happy about any program that makes it easier for homeowners to redeem their liens.

But, he said, "My job isn't to make investors rich. It's to keep people in their homes."

Maricopa has also been the only county to have an Elderly Assistance Fund since the state authorized it in 2007. That cut property taxes for many low-income, elderly homeowners. But it was funded by higher interest rates on delinquent property owners trying to redeem their liens. Essentially, it helped one group of on-the-edge taxpayers at the expense of another. 

The fund is nearly out of money, and Hoskins said he fears that means many more homeowners will be unable to pay their taxes — boosting tax lien sales and foreclosures yet again.

"What we have is nearly 14,000 low-income homeowners out there who are going to lose their credit and their taxes are going to go up," he said. "They probably are making the choice between food and meds."

Since the foreclosure, Miller hasn't returned to her father's house. She said she wishes these types of resources were available when her family was facing the loss of his home, although she still doesn’t blame anyone but herself.

"There could be a flaw in the system, but the way I see it, it is each homeowner's responsibility to pay those taxes," she said. "I'm the oldest in the family, so I feel it should've been my responsibility to watch out and take care of the property. ... I kind of feel like I let down the family. I let down my Dad."

How we did the story

Tax-lien foreclosures are part of a vast but nearly invisible industry in Arizona. 

To determine the scope of tax-lien sales, reporters collected data from 14 of the 15 county treasurers, along with court filings, assessment records, deeds and tax lien auction results. (Only rural Cochise County in southeastern Arizona did not provide the number of tax liens it sold.) 

They found that more than a quarter of a million property tax liens were sold between 2010 and 2016. Many of those 250,000 involve properties with multiple liens. And in most cases, the owners sidestep foreclosure by paying off the private investors.

But with help from the Maricopa County Treasurer’s Office, reporters used foreclosure data to measure the impact of the practice on homeowners. (The county has 61 percent of Arizona’s population.) In the same timeframe, hundreds of people lost their primary residences to tax-lien foreclosures. 

Read original story at AZCENTRAL.COM.

Phoenix City Councilman Sal DiCicio Endorses Kimberly Yee for Arizona State Treasurer

 

Today, Kimberly Yee announced Phoenix City Councilman Sal DiCiccio has endorsed her campaign for Arizona Treasurer. 

“Kimberly Yee is not only a fantastic legislator, but also an amazing person. She has my full and enthusiastic support to be our next State Treasurer. Senator Yee has been consistent throughout her career in public service and she is a strong conservative on reform for fiscal accountability. I urge all of you to take a serious look and then support Kimberly Yee for State Treasurer,” said Councilman Sal DiCiccio. 

“Over the course of his tenure as Councilman in one of the nation’s largest cities, Phoenix Councilman Sal DiCiccio has established a fiscally conservative track record that has protected taxpayers from frivolous spending at the local levels.  I am honored to receive his endorsement and thank him for supporting my campaign for Arizona State Treasurer,” said Kimberly Yee, candidate for Arizona State Treasurer. 

Kimberly Yee has earned a reputation at the Arizona State Capitol as a fiscal conservative who advocates for issues on behalf of the taxpayer.  She has been endorsed by Congressman Andy Biggs, Congresswoman Debbie Lesko, former Governors Jan Brewer and Jane D. Hull, Attorney General Mark Brnovich, 5 former Arizona State Treasurers, including Jeff DeWit, the President of the Senate, the Speaker of the House and 40 Arizona legislators.

 

Kimberly Yee Files Petition Signatures for Arizona State Treasurer

(Phoenix) – Today, Senate Majority Leader Kimberly Yee filed over 10,000 signatures to qualify for the ballot in her bid for Arizona State Treasurer. 

"I'm truly honored to receive this overwhelming support across Arizona.  Thank you to the many volunteers who helped collect signatures from all corners of the state.  I look forward to pressing on towards a strong and positive campaign to become Arizona's next State Treasurer," said Kimberly Yee. 

Kimberly Yee has earned a reputation at the Arizona State Capitol as a fiscal conservative who advocates for issues on behalf of the taxpayer.  She has been endorsed by Congressman Andy Biggs, Congresswoman Debbie Lesko, former Governors Jan Brewer and Jane D. Hull, Attorney General Mark Brnovich, 5 former Arizona State Treasurers, including Jeff DeWit, the President of the Senate, the Speaker of the House and 40 Arizona legislators.

Congressman Andy Biggs and Congresswoman Debbie Lesko endorse Kimberly Yee for Arizona Treasurer

(Phoenix) – Today, Kimberly Yee announced that Congressman Andy Biggs and Congresswoman Debbie Lesko have endorsed her campaign for Arizona Treasurer.  

"I served with Kimberly Yee at the State Legislature and I saw firsthand her determination to protect Arizona taxpayers by instituting measures of accountability and adding transparency to how the government spends our money.  Kimberly Yee has both the experience and the conservative values that will help her succeed in this office and that is why I am pleased to support her bid for Arizona’s next State Treasurer,” said Congressman Andy Biggs. 

"I wholeheartedly endorse Kimberly Yee for Arizona Treasurer as she has a long-standing record of being a fiscal and social conservative who stands up for taxpayers.  I have served alongside Kimberly Yee in the Arizona Senate and I know her to be a principled, hard-working Republican leader who is respected by her colleagues," said Congresswoman Debbie Lesko. 

"I am truly honored to receive the endorsements of Congressman Andy Biggs and Congresswoman Debbie Lesko, two conservative patriots I had the pleasure of serving with during their time in the State Legislature.  Together, we developed structurally balanced budgets and passed measures to protect families and hard working taxpayers," said Kimberly Yee, candidate for Arizona State Treasurer.

Kimberly Yee has been endorsed by former Governors Jan Brewer and Jane D. Hull, Attorney General Mark Brnovich, 5 former Arizona State Treasurers, including Jeff DeWit, the President of the Senate, the Speaker of the House and 40 legislators.
 

Maricopa County Attorney Bill Montgomery endorses Kimberly Yee for Arizona Treasurer

(Phoenix) – Today, Kimberly Yee announced that Maricopa County Attorney Bill Montgomery has endorsed her campaign for Arizona Treasurer.

"Kimberly Yee is a principled conservative who has always put Arizona taxpayers first. She has earned a reputation as a fiscal conservative who protects taxpayers and I know she will continue to do so as Arizona's State Treasurer. I am proudly supporting Kimberly Yee’s campaign for State Treasurer and look forward to her leadership in office,” said Bill Montgomery, Maricopa County Attorney.

“Bill Montgomery has been and continues to be a relentless protector of Arizonans as a veteran, prosecutor, and advocate for public safety. I am honored to have his endorsement and I thank him for supporting my campaign for Arizona State Treasurer,” said Kimberly Yee, candidate for Arizona State Treasurer.

Kimberly Yee has been endorsed by former Governors Jan Brewer and Jane D. Hull, Attorney General Mark Brnovich, 5 former Arizona State Treasurers, including Jeff DeWit, the President of the Senate, the Speaker of the House and 34 legislators.

Attorney General Mark Brnovich endorses Kimberly Yee for Arizona Treasurer

(Phoenix) – Today, Kimberly Yee announced that Arizona Attorney General Mark Brnovich has endorsed her campaign for Arizona Treasurer.

“I support Kimberly Yee to be our next State Treasurer and urge Arizona voters to do the same. Taxpayers deserve a Treasurer with the experience and an understanding of state finances necessary to make sound and appropriate investment decisions. Kimberly recognizes that the Treasurer’s Office is not a place to play politics with taxpayer money and I know she’ll serve the people of Arizona by ensuring investments are made wisely and consistent with constitutional and statutory requirements," said Attorney General Mark Brnovich.

"It is an honor to receive the endorsement of Arizona Attorney General Mark Brnovich.  His conservative principles have guided him well as Arizona’s “Top Cop” the last four years. We have worked together on law enforcement issues and protected taxpayers by cracking down on fraud and waste in government. I’m grateful that he has full confidence in my ability to represent Arizona as its next state treasurer," said Kimberly Yee, candidate for Arizona State Treasurer.

Kimberly Yee has been endorsed by former Governors Jan Brewer and Jane D. Hull, 5 former Arizona State Treasurers, including Jeff DeWit, the President of the Senate, the Speaker of the House and 33 legislators.

Presiding Officers of the Arizona State Legislature Endorse Kimberly Yee for Treasurer

(Phoenix) – Arizona Senate President Steve Yarbrough and Speaker of the House J.D. Mesnard have released the following endorsements of Kimberly Yee for Arizona State Treasurer.

"My time working alongside Kimberly Yee in the state legislature gives me every confidence in her ability to be a strong conservative with the experience needed to be a successful Arizona Treasurer. I am proud to stand with so many other Arizona leaders in support of Kimberly and her campaign," said Senate President Steve Yarbrough. 

"It is with the utmost confidence that I give my full support to Kimberly Yee for State Treasurer. I am excited to stand with such an impressive candidate having previous experience in both the Arizona Treasurer's office and the state legislature. Not only is she prepared for the job but I know she will continue to be a strong fiscal conservative in office," said Speaker of the House J.D. Mesnard. 

"It is an honor to receive the endorsements of two great Arizona leaders, Senate President Steve Yarbrough and Speaker of the House J.D. Mesnard. I have truly enjoyed my time working together with them in the state legislature and I am proud of the work we have accomplished together. I hope to continue to work diligently to promote fiscally conservative principles and protect hard-working Arizona citizens as Treasurer," said Kimberly Yee, candidate for Arizona State Treasurer.

Kimberly Yee Featured in Governing Magazine

(Phoenix) – Kimberly Yee, candidate for Arizona State Treasurer is featured in the April issue of Governing magazine, after the Governing Institute selected Kimberly Yee to take part in its 2018 Women in Government Leadership Program. Governing magazine is a national monthly publication covering state and local government issues in the United States.

The April issue of the magazine features the 25 women serving in state and local offices across the United States who are members of the 2018 Women in Government Leadership Program class, including Kimberly Yee.

According to the article, "Kimberly Yee may be the first Asian American woman ever elected to the Arizona Legislature, and the first woman to serve as the state's Senate majority leader since Sandra Day O'Connor in 1973, but her path to public service is not altogether surprising."

"I was class president for three out of my four years in high school," Yee says in the article. "And I started working for my first public official when I was still in college, in my county attorney's office." 

More of this article may be found on the Governing magazine website at:
http://www.governing.com/gov-institute/wig/kimberly-yee.html

Kimberly Yee is a Republican candidate for Arizona State Treasurer. She has been endorsed by former Arizona State Treasurers Jeff DeWit, Dean Martin, Carol Springer, Bart Fleming and Ernest Garfield. Kimberly Yee has also been endorsed by former Arizona Republican Governors Jan Brewer and Jane Dee Hull. Kimberly Yee previously served in the administration of the Arizona State Treasurer's Office from 2007 to 2010.  
 

Susan B. Anthony List Proudly Endorses Kimberly Yee for Arizona State Treasurer

(Phoenix) – Susan B. Anthony List released the following statement regarding its endorsement of Kimberly Yee for Arizona State Treasurer.

"Susan B. Anthony List proudly endorses Kimberly Yee for Arizona State Treasurer and recognizes her strong pro-life leadership during her time in the Legislature.  She is the epitome of a pro-life woman leader and has been a valuable member of the National Pro-Life Women's Caucus. Kimberly Yee is recognized nationally as an influential state leader who strives to protect all Arizonans--from the hard-working taxpayer, to the child in the classroom, to the precious pre-born baby.  Please join us in supporting Kimberly Yee for Arizona State Treasurer."  ~ Susan B. Anthony List   

"I am honored to receive the endorsement of Susan B. Anthony List, the leading national pro-life organization that advances the leadership of pro-life elected officials who stand for life.  As one of the charter members of the National Pro-Life Women's Caucus, I have been dedicated to leading the efforts in Arizona to pass laws that save lives of pre-born children and protect the health and safety of women," said Kimberly Yee, candidate for Arizona State Treasurer. 

Kimberly Yee Featured in Lifetime TV Series HER AMERICA: 50 Women, 50 States

(Phoenix) – This week Kimberly Yee, candidate for Arizona State Treasurer, was featured in Lifetime television network's newly launched HER AMERICA: 50 WOMEN, 50 STATES, a digital content series filmed by an all-female team, documenting real women across the country. Lifetime selected Kimberly Yee to represent Arizona in a series that captured portraits of women--what moves them, the opinions they hold dear, asking how they would like to share their story to the world.  

"The women profiled in video, photography and audio come from America's smallest towns to the largest cities. From Arizona's first female Asian-American state senator, to an African American police officer in Minnesota balancing the current tensions of the "Blue Lives Matter" vs. "Black Lives Matter," to a disabled gun enthusiast in Wyoming," according to Lifetime.  

Kimberly Yee's profile may be viewed at: https://www.heramerica.com/essay/kimberly-arizona-phoenix-essay  

In the photo essay, Kimberly Yee is described as a "deeply conservative mother, wife and Asian American woman, and a proud member of the GOP.  In 2016, Kimberly spoke at the Republican National Convention. She hopes she can serve as a model of a woman paving the way forward."

HER AMERICA series may be viewed on www.heramerica.com. HER AMERICA will also be featured in on-air spots launching on Lifetime. Lifetime is received by approximately 94 million households in America.

Former Arizona Corporation Commissioner and Former Senate President Brenda Burns Endorses Kimberly Yee for Treasurer

(Phoenix) – Former Arizona Corporation Commissioner and former Senate President Brenda Burns released the following statement regarding her endorsement of Kimberly Yee for Treasurer. 

"Kimberly Yee is a solid conservative and a strong champion for Arizona taxpayers. She can be trusted with managing our tax dollars and maximizing our investments as State Treasurer. Her past experience in the Arizona Treasurer's Office has prepared her to be the best candidate for this position. I'm proud to stand with so many Arizona leaders in supporting Kimberly Yee for Arizona State Treasurer," said Brenda Burns, former Arizona Corporation Commissioner and former Arizona Senate President.  


"I had the pleasure of working with Brenda Burns when she led the Arizona Senate twenty years ago as the first and only female Senate President.  She understands the importance of placing trustworthy and honest people in positions where our tax dollars are being managed.  It is an honor to receive the endorsement of Brenda Burns and I thank her for supporting me for Arizona State Treasurer," said Kimberly Yee, candidate for Arizona State Treasurer. 

Former Arizona Governor Jane D. Hull Endorses Kimberly Yee for Treasurer

(Phoenix) – Former Governor Jane D. Hull released the following statement regarding her endorsement of Kimberly Yee for Arizona Treasurer. 

"Kimberly Yee is a trusted conservative who has the experience we need as Arizona State Treasurer. As a former Arizona Governor and Speaker of the House, I recognize the qualities of exceptional leaders who stand out above the rest. Kimberly Yee is one of those exceptional leaders. Please join me in supporting her as our next Arizona State Treasurer," said former Governor Jane D. Hull.

"It is a true honor to receive the endorsement of former Arizona Governor Jane D. Hull, the first woman formally elected to serve as the governor of our great state. Governor Hull who served in legislative leadership as Majority Whip and then Speaker of the House before becoming Arizona Secretary of State has been a remarkable example for young women across Arizona for many years. She knows what it takes to get the work done. I am honored to have Governor Hull's endorsement and support of my campaign for Arizona Treasurer," said Kimberly Yee, candidate for Arizona State Treasurer.

Arizona Secretary of State Ken Bennett Endorses Kimberly Yee

(Phoenix) – Former Arizona Secretary of State Ken Bennett released the following statement regarding his endorsement of Kimberly Yee for Arizona Treasurer. 

"Kimberly Yee is a fiscal conservative who has earned a reputation of protecting taxpayers.  We worked together to increase transparency of financial disclosure statements and established an electronic system for taxpayers to monitor financial transactions online. Arizonans need a taxpayer watchdog whom they can trust as their State Treasurer. Kimberly Yee is the best person for this job," said former Arizona Secretary of State Ken Bennett. 

"I want to thank former Secretary of State Ken Bennett for his endorsement of my campaign for State Treasurer.  I am proud of the work we did together over the years to create a balanced budget, improve the way taxpayers can view financial transactions and ensure better accountability systems are in place to protect taxpayer dollars.  He understands that it really matters who is watching over our money," said Kimberly Yee, candidate for Arizona State Treasurer.

Governor Jan Brewer Endorses Kimberly Yee

(Phoenix) – Former Arizona Governor released the following statement regarding her endorsement of Kimberly Yee for Arizona Treasurer. Governor Brewer also serves as the chairwoman of the Kimberly Yee for Arizona Treasurer campaign.  

"Kimberly Yee is a proven conservative leader who is admired and respected for her honesty and integrity. She is a champion for Arizona taxpayers, someone we can trust. I know Kimberly and have seen her leadership firsthand. Together, we worked to bring more accountability and transparency to government spending. I am proud to enthusiastically endorse Kimberly’s campaign for Arizona State Treasurer," said former Arizona Governor Jan Brewer who serves as the chairwoman of the Kimberly Yee for Arizona Treasurer campaign.

"I am honored to receive Governor Brewer's endorsement and support of my campaign for Arizona State Treasurer. I have had the pleasure of knowing Governor Jan Brewer for many years, even during the time when I served as the Republican Chairman of my legislative district. She is a woman of integrity, a committed leader and an Arizona trailblazer," said Kimberly Yee, candidate for Arizona State Treasurer.

 

Arizona State Treasurer Jeff DeWit Endorses Kimberly Yee

(Phoenix) – Current Arizona State Treasurer Jeff DeWit released the following statement regarding his endorsement of Kimberly Yee for Treasurer. 

“Kimberly Yee is the best choice to be our next elected Treasurer of Arizona. Kimberly will work hard to protect taxpayers and she has all the qualities needed to be a good, effective Treasurer. Kimberly is trustworthy, ethical and a financially knowledgeable leader and her previous experience as a senior staff member to former Arizona Treasurer Dean Martin has given her the skills and experience needed to lead the office into the future. Kimberly Yee is someone I trust who will carry on the tradition of ethical and effective leadership in this office. I am proud to support her candidacy and I hope Arizona voters will elect her." 

"I am truly honored to have the endorsement of Arizona State Treasurer Jeff DeWit. He has led the Treasurer's Office with the highest level of integrity and created record earnings by managing our taxpayer dollars with great investments. I hope to continue the strong, decisive leadership that Treasurer DeWit has exemplified. The future of the Treasurer's Office must be left in good hands by someone who has experience in this office and by someone whom taxpayers can trust," said Kimberly Yee, candidate for Arizona State Treasurer.

Arizona Senate Majority Leader Kimberly Yee Announces Campaign for State Treasurer, Supported by Five Arizona State Treasurers

(Phoenix) – Arizona Senate Majority Leader Kimberly Yee released the following statement regarding the announcement of her campaign for Arizona State Treasurer.

"I am excited to announce my candidacy for Arizona State Treasurer. I strongly believe Arizona taxpayers need honesty, integrity and transparency in their government. Our money matters. And it is important that the person watching over our money is a State Treasurer who can be trusted. I have been blessed to serve in the Arizona Legislature and in my current leadership role as the Senate Majority Leader. I am proud of my record of accomplishments that has always put the needs of Arizonans first.

Arizona’s taxpayers have been very well represented with remarkable State Treasurers and I am humbled and proud to have the endorsement and support of current State Treasurer Jeff DeWit and former State Treasurers Hon. Dean Martin, Hon. Carol Springer, Hon. Bart Fleming, and Hon. Ernest Garfield. Arizona has a strong history of treasurers who have exemplified outstanding leadership and an important understanding of how to successfully manage and invest our state's tax dollars.

I have a record of standing up for Arizona taxpayers and making sure we are fiscally prudent with our hard-earned taxpayer's dollars. I have initiated financial and performance audits of state agencies, weeded out waste and fraud in the hidden corners of government bureaucracies and sponsored bills to increase financial transparency so taxpayers know exactly where their money is being spent.

I will work to promote fiscally conservative principles and protect hard-working Arizona citizens. The investments made under my watch will be safe and fiscally sound. I will continue to stand up for Arizona businesses and families, and always put the taxpayer first."

"At the Capitol it is rare to find someone with honesty, integrity, intelligence and a strong work ethic. Kimberly Yee is that exceptional person who exemplifies these qualities.  That's why she served as an integral part of my leadership team at the State Treasurer's Office where we maximized investments for Arizona citizens, including hundreds of millions in endowment dollars for education. We need people like Kimberly Yee to help lead Arizona. Kimberly can be counted on to protect the taxpayer's hard-earned dollars," said Dean Martin, who previously served as Arizona State Treasurer until 2011.