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Limited growth and increased spending needs pose tough choices for Hobbs
Democratic Gov. Katie Hobbs won’t have much room for new spending on education, water or just about anything else in the remaining two years of her initial term as Arizona’s […]
State experiences 23.2 percent jump in revenues
In gains reminiscent of the good times before the recession, state revenues took in $84.4 million more last month than what was assumed when legislators approved the budget earlier this year.
Arizona revenue again below anticipated level
Legislative budget analysts report that October marked the seventh straight month in which tax collections fell below the forecast levels used when the current state budget was approved by legislators and Gov. Jan Brewer last spring.
Arizona faces $1 billion deficit by next fiscal year
Richard Stavneak, director of the Joint Budget Legislative Committee, said the $1 billion budget gap in fiscal 2016 assumes that this year’s shortfall will be solved with one-time solutions.
Revenue update: January figures are good
The state collected $915 million in taxes last month, four percent greater than in the prior year, the state’s budget analysts reported.
