Republican lawmakers and the governor are moving ahead with a tax-reduction plan they say would enable Arizona to attract more businesses and jobs to the state, even though the likely result would be a heavier tax burden for homeowners.Read More »
As debate looms in the Arizona Legislature regarding the best tax policy to foster job growth, a conservative, pro-market group is warning lawmakers against enacting incentives that benefit only certain companies.Read More »
Despite "no" votes by Sen. Ron Gould and Rep.-elect Jack Harper, a panel of lawmakers recommended extending tax credits that benefit the working poor and charities.Read More »
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 »