County governments have been heavily hit by state budget cuts in recent years, causing leaders to strip vital services down to the bare bones, lay off skilled employees and slice large chunks of money from nearly every line in their budgets.Read More »
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Legislative budget analysts say the federal budgetary "fiscal cliff" may have a bright side for the state treasury, at least in the short term.Read More »
Total state revenues grew by a modest 2.6 percent in October when compared to the year before, but just as economists have cautioned, the road to full recovery is a long, steep climb.Read More »
After sliding slightly in August, state revenues picked up in September, the Legislature’s budget research arm reported this month.Read More »
State revenue collections are slightly off in August, the state’s budget analysts reported today. The Joint Legislative Budget Committee said revenues dropped by $3.3 million compared to the same time last year. It’s only the second time since July last year that monthly revenues have declined.Read More »
Arizona received another boost in state revenues in July, budget analysts reported today.
In its monthly report, the Joint Legislative Budget Committee said the state collected $749 million in July, a 6.1 percent growth compared to last year.
Arizona's post-recession budget situation continues to improve as the state begins a new fiscal year in better shape than had been expected. The legislative budget staff says tax revenue was $145 million more than anticipated during the fiscal year that ended June 30.Read More »
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 »
Gov. Jan Brewer and legislative leaders resumed talks on the budget Thursday, three days after the governor told them to stop sending her bills until they get the state’s spending plan completed.
The meeting seemed to reaffirm the two sides’ commitment to negotiate the state budget within the Republican Party. The meeting came as some GOP lawmakers considered the possibility of joining with Democrats to pass a veto-proof budget.
Arizona's tax collections in February dropped from the same month a year ago, raising questions about its impact on the state's fiscal situation.Read More »