According to an anonymous AZGOP Board Member, Jeff Dewit has lead the AZGOP into a 3 year mortgage of approximately $1 Million for their downtown office. They are currently making interest only payments with a balloon payment due at the end of the term. It is unclear if this is at an adjustable rate which will continue to adjust higher as interest rates rise.

The real question is what will happen at the end of the three years since the AZGOP is insolvent and unable to fundraise and taking on debt?

This is yet another example of reckless deficit spending in violation of the Fiscal Responsibility and Balancing the Budget in the GOP Republican Platform.

Last week Jeff Dewit was censured by two Legislative Districts demanding his resignation.

Recently, I asked the question “Was the real reason the AZGOP reformed as an LLC (what 2 years ago?) to help with bankruptcy? That’s where Jeff Dewit is leading. Or was it to wrestle control away from the PEOPLE in violation of Statute? There is no form of redress layed out within the LLC. It appears illegal and should be dissolved!” This now appears the case more than ever.

I reached out to Jeff Dewit for comment, but he did not respond as of the publishing of this article.

Brian Ference is an Independent Journalist and Citizen Reporter covering Politics in Arizona.
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