Arizona revenue figures show gains from last year

Legislative budget analysts see good news in a preliminary figures from Arizona’s April tax collections.

The Joint Legislative Budget Committee’s staff says preliminary figures indicate that tax collections through the first nine months of the fiscal year are 9.4 percent over the corresponding period of the previous fiscal year.

According to the preliminuary figures, the fiscal year’s revenue so far is $162 million above the amount projected in the new state budget approved by the Legislature in March.

The revenue figures do not include receipts from the temporary sales tax increase approved by voters a year ago.