More than two-dozen employees will transfer to the governor's budget office from the Department of Commerce before the end of the year as part of a larger move to shift economic development responsibilities to a public-private organization.Read More »
The recession hit Arizona hard, but the situation here isn't as precarious as in Illinois, which is struggling from a whopping $13 billion budget deficit. Like Arizona, many states face significant budget shortfalls this year, a situation that probably will get worse as federal aid expires next year.Read More »
Lawmakers have reduced spending for parks, health care for low-income children and some state-funded medical transplants. Still, the tough times are far from over.Read More »
Arizona school officials are bracing for more and deeper budget cuts as the state faces continued shortfalls.Read More »
The state government will have to play a critical role if Arizona businesses are to become global competitors, business leaders said at conference Wednesday.Read More »
Businesses that are hoping for immediate tax cuts from the Legislature next session should plan on being disappointed.
Even the most ardent tax cutters in the Legislature say it would be impossible to balance the budget next session while cutting corporate taxes.
RELATED: Senate Republicans plan business tax cuts
Arizona is at risk of falling back into recession, according to a senior analyst from Moody's. The state is showing declines in consumer spending, said Chris Lafakis, an economist with the international financial research firm. But local economists disagreed with the assessment.Read More »
Mortgage finance giant Fannie Mae has opened a mortgage help center to help struggling homeowners with loans owned by the company.Read More »
Arizona has a new advertising campaign to attract visitors from other parts of the country. The Arizona Office of Tourism developed the campaign, which it's calling "In One Word — Arizona."Read More »
Arizona's unemployment rate stands at 9.7 percent for the second consecutive month.Read More »