Quantcast
Home / budget / Arizona reports improved year-end budget figures

Arizona reports improved year-end budget figures

Arizona’s post-recession budget situation continues to improve as the state begins a new fiscal year in better shape than had been expected.

The legislative budget staff says tax revenue was $145 million more than anticipated during the fiscal year that ended June 30.

Meanwhile, spending was $112 million less than expected. Factors included slower than anticipated growth in K-12 school enrollment and a faster than expected decline in Medicaid enrollment for adults without children.

The budget already assumed a $122 million surplus, so the new spending and revenue figures add up to a $379 million surplus.

Budget-writers figure that the just-started new fiscal year also will have a surplus but that the next one will have a shortfall.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

 

x

Check Also

Gov. Doug Ducey

Ducey says he still supports health care bill

Ducey tweet reacting to McCain's announcement Friday doesn't mention McCain but says the governor still supports the bill and encourages others to do the same.