Gov. Jan Brewer on Friday releases her new budget proposal, one expected to largely hold the line on most state spending after several years of cuts.Read More »
Gov. Jan Brewer today laid out her spending plan, but before she can hammer out a deal with lawmakers, the two sides will have to reconcile their revenue projections for the next few years.
Right now, their only clear agreement is that, barring another economic downturn and events beyond the state’s control, revenues will climb steadily, albeit slowly.
State revenues grew modestly in November even as signs of economic strains persist.Read More »
Now that Arizona’s fiscal picture is rosier, with projected surpluses instead of staggering deficits, lawmakers are looking at undoing one of the state’s more embarrassing budget gimmicks.Read More »
Advocates for state services and programs shouldn't hold out hope that Arizona's improving fiscal situation means cuts made to keep the state budget in the black will be reversed any time soon, an official said Friday.Read More »
Major economic indicators in Arizona point to a steady recovery, although some bumps remain.
Revenues in August grew by 8.6 percent, buoyed by strong showings in sales and individual income taxes.
Arizona has weathered its share of economic storms in recent years. Stopgap measures, a temporary tax increase and incessant budget slashing allowed the state to precariously stay afloat.
But the horizon promises no relief yet. In fact, many budget decisions drawn up by state leaders have actually put Arizona on a course toward troubled waters.
For a state that has been grappling with a multibillion-dollar deficit for four years, news of a potential revenue surplus is like a few drops of rain after a long drought.Read More »
For a state that is starving for good news, the recently-concluded fiscal year has brought some relief as annual revenue grew for the first time since the recession, preliminary figures released on July 27 showed.Read More »
The Commission on Privatization and Efficiency (COPE) will deliver its long-awaited final report to Gov. Jan Brewer on Thursday, nearly eight months after it original deadline.Read More »