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Key lawmakers scaling back tax cut measure to avoid veto (access required)

An ambitious economic development bill meant to be a follow-up to the 2011 Arizona Competitiveness Package will jettison some of its more contentious provisions due to the Ninth Floor’s concerns that it will cost too much money.

But lawmakers and business groups pushing the bill say they’re optimistic that an agreement will be reached with Gov. Jan Brewer to cut state taxes on capital gains — the core component of the bill — even if they’re unable to achieve the outright elimination many GOP legislators sought earlier in the session.

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Ducey proposes $176 million in new spending, largely on K-12 education (access required)

Gov. Doug Ducey filled in the details of many of the proposals he unveiled in his State of the State address with an executive budget plan that includes $176 million in new spending for fiscal year 2018, with the lion’s share going to K-12 education.