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economy

Apr 3, 2012

Brewer draws line on budget with Tucson bill veto

Gov. Jan Brewer used a veto of a Tucson development district bill to send a lengthy message to legislators about her budget priorities. Brewer's letter explaining the veto Monday of the Rio Nuevo Multipurpose Facilities District says it is unwise to approve legislation with spending or tax changes before there's agreement on a new state budget.

Mar 30, 2012

Key lawmakers scaling back tax cut measure to avoid veto

An ambitious economic development bill meant to be a follow-up to the 2011 Arizona Competitiveness Package will jettison some of its more contentious provisions due to the Ninth Floor’s concerns that it will cost too much money.

But lawmakers and business groups pushing the bill say they’re optimistic that an agreement will be reached with Gov. Jan Brewer to cut state taxes on capital g[...]

Mar 23, 2012

Bill on drug testing for jobless benefits advances

A bill to require drug testing for all applicants for unemployment benefits is alive but apparently in trouble at the Arizona Legislature. The bill has already been approved by the Senate but it barely emerged from a House committee on a 7-6 vote Thursday.

Mar 23, 2012

Bill to phase out capital gains taxes advances, but questions remain

An economic development bill championed by Rep. J.D. Mesnard and House Speaker Andy Tobin passed the Senate Appropriations Committee with unanimous GOP support, but several Republicans said they had concerns about the measure and even the bill’s sponsor said it’s likely to undergo changes.

Mar 21, 2012

Arizona revenue drops in February as refunds rise

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.

Mar 19, 2012

Phoenix, Lake Havasu posted nation’s largest construction job losses

WASHINGTON – Lori Nelson didn’t choose to leave Phoenix’s construction industry – she was forced out. After a three-decade career in construction ended abruptly when she was laid off in 2009, Nelson had to choose between leaving Phoenix to find construction work elsewhere or changing careers to stay in the city with her family.

Mar 19, 2012

GOP congressmen bash feds at hearing

Republican members of Arizona’s congressional delegation gathered at the state Senate to excoriate the Obama administration and the federal government over policies on forest management, the environment and a host of other issues they say are hurting the economy and hampering job creation.

Mar 15, 2012

Brewer, Republican congressmen to attend hearing

Republican members of Arizona’s congressional delegation and Gov. Jan Brewer will meet at the state Capitol on Friday for a hearing by the Congressional Western Caucus.

Mar 14, 2012

Tucson lawmaker proposes ‘Return to Work’ training program for jobless

Arizona can return more people to work by allowing firms to provide up to six weeks of training for those receiving unemployment assistance without having to add them to payrolls, a Tucson lawmaker contends.

Mar 13, 2012

Legislation will inject $425 million into economy for growth-stage businesses

During the past few years, Arizona has done more than any state to position itself for strong economic growth once the national economy recovers. In particular, the broad-based tax reforms and new economic development tools contained in last year’s competitiveness package laid a strong foundation on which to grow the state’s economy.

Mar 13, 2012

Revived Amazon.com tax bill defeated for 2nd time

The proposal to require Amazon.com to collect taxes on goods it sells to Arizona residents failed anew during a second vote in the Senate today.

Mar 13, 2012

Environmentalists fear utility will be exempt from efficiency requirement

Environmentalists fear that the Arizona Corporation Commission may waive its stringent energy efficiency standards rather than approve a power-cutting plan submitted by Tucson Electric Power and scheduled for a vote Friday.

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