Arizona is poised to shed nearly 10,000 jobs next year if a planned two-percent cut to Medicare isn’t averted, a study by a Pennsylvania-based consulting group said.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 »
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 »