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

By Luige del Puerto - luige.delpuerto@azcapitoltimes.com

Published: June 20, 2012 at 4:44 pm

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 LEGISLATIVE REPORT