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Home / budget / Arizona revenues drop in May, thanks to large business refund (access required)

Arizona revenues drop in May, thanks to large business refund (access required)

After successive months of growth, state revenues fell in May, when collections fell $9.2 million below the budget forecast. But the culprit doesn’t appear to be a slowing in the economy.

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Arizona Gov. Jan Brewer holds up the contentious Medicaid expansion bill after signing it into law. (Photo by Evan Wyloge/Arizona Capitol Times)

Arizona appeals court says Medicaid expansion law is constitutional (access required)

The court said the law imposed an assessment that is exempt from the requirement that any act by lawmakers increasing state revenues, such a tax hike, must get a two-thirds vote in the Legislature.