After policymakers borrowed heavily to keep government afloat amid a festering fiscal crisis that blew holes in the state’s budget for four years, a former Senate president tried to put into place a mechanism to rein in politicians’ appetite for debt-financing.Read More »
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Every circus has its sideshows. And this year, the state Capitol was crawling with them.
For the first time in more than a decade, lawmakers wrapped up their work in 100 days. And they did so in spite of distractions that came in the form of a roadside fracas that cost a Republican leader his post, a college football scandal that ensnared more than a dozen elected officials and a tragic shooting days before the session began that cast a pall over the entire process.
Fiscally conservative Republicans won the argument when the governor agreed to forego borrowing and other budget gimmicks to help shore up the state’s sagging revenues, and the budget-slashing proposal was also a vindication for legislators who saw themselves as lone voices in the wilderness, warning for many years that politicians’ appetite for spending would one day come back to haunt them.
But a bigger, perhaps more critical fight looms.
A plan viewed by supporters as a second jobs bill cleared another legislative hurdle, but a provision expanding tax credits for new jobs might have to wait until next year.Read More »
The delicate balancing act involved in changing Arizona’s property tax structure will leave some homeowners paying higher property taxes.Read More »
An amended pension-reform bill, sponsored by Arizona Speaker of the House Kirk Adams, barely survived a stormy House committee hearing on Thursday.Read More »
A public-awareness campaign has been launched to draw attention to Arizona's constitutional mandate to support education.Read More »
The annual futility of efforts either to abolish Arizona’s tax on business equipment and machinery or to increase the exemption has not deterred the many critics of the tax. This year’s version, HCR 2006, takes a novel approach to formulating ...Read More »
“In aggregate, I would give term limits a net minus, but I don’t attribute every ill that we have to term limits. They’re not responsible for 110 degrees in July.” — Kevin McCarthy, president of the Arizona Tax Research Association, talking about the movement to repeal term limits for politicians.Read More »
The Arizona Legislature adjourned sine die on April 29, and the policy achievements of the 49th Legislature get a mixed review from a taxpayer’s perspective.Read More »