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.Read More »
Arizona school districts are getting a boost to meet a third-grade reading mandate in the form of $40 million. The Arizona Republic reported Sunday schools statewide will receive money to assist in reaching a goal that all third-graders must have proficient reading skills.Read More »
The state won't immediately implement a budget provision to spend $50 million from Arizona's share of a foreclosure settlement while the provision is being challenged in court. The provision requires the money be transferred to the state general fund to help balance the budget for the fiscal year that begins July 1.Read More »
SIERRA VISTA — A southern Arizona college is relying on local property owners to contribute to its budget. The Sierra Vista Herald reports the Cochise College governing board will consider a 2 percent increase in the property tax rate during a hearing Tuesday on next year's budget.Read More »
Arizona’s Medicaid program may spend as much as $57 million a year on ineligible recipients, according to a report by the Auditor General’s Office.Read More »
There will be no respite between legislative sessions in Attorney General Tom Horne’s crusade to rid a remote polygamist community of its police department.Read More »
State tax collections continue to outpace expectations, and April general fund revenues were boosted by an unexpected spike in individual income tax collections.Read More »
Gov. Jan Brewer on Monday signed into law a new state budget that reflects the state's improving finances.
The budget's spending totals just under $8.6 billion for the 2012-2013 fiscal year starting July 1.
The Arizona Board of Regents began the legislative session seeing nothing in any budget proposal for two of its prime spending requests: Money for parity among the three universities and for the Phoenix campus of the University of Arizona medical school.Read More »
The Arizona Supreme Court was able to work out a deal allowing the Legislature to take money from a variety of smaller accounts rather than a larger, more critical one that lawmakers were targeting.Read More »