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  • Moneysupermarket shares plunge as investors told not to expect growth 
    
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A deal that could give nearly $100 million in tax incentives to the Phoenix retail-and-housing development CityNorth can proceed, the Arizona Supreme Court ruled Monday - even though the deal “quite likely” violated the state Constitution.

 

Though the court allowed the deal, its ruling laid out strict new provisions on tax incentives. Those rules could have a deep impact on future tax-incentive deals, which cities have long used to attract new commercial development and the accompanying sales-tax revenues.  more…

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