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Attorney General threatens suit against lawmakers, governor over fund raid
Attorney General Kris Mayes says if state lawmakers and Gov. Katie Hobbs want to immediately seize $75 million out of an opioid settlement fund to balance the state budget they're going to have to come and get it.
Hobbs, GOP expect to find common ground on some issues
Gov. Katie Hobbs’ State of the State Address on Jan. 8 shared some mutual policy goals between Democrats and Republicans, but already the two sides are showing their differences for how to meet them.
Spending 2020: From $1B windfall to survival
When they returned to work in January, Arizona lawmakers faced a financial situation colleagues everywhere would envy: an extra, unbudgeted $1 billion.
Arizona Legislature’s budget analysts predict 2018 shortfall
The Arizona Legislature's budget analysts predicted a budget shortfall that could top $100 million in the current and coming year as the impact of corporate tax cuts continues to overwhelm increases in sales, insurance premium and personal income tax collections.
Yuma lawmaker plans e-cigarette taxation legislation
In light of devastating projections of a $1.5 billion budget shortfall in the current and next fiscal years, a Democratic lawmaker is proposing a tax on e-cigarettes, saying that the modest revenues the new tax could bring in would be a small start to bridging the deficit.
Next governor will have few options in dealing with $1 billion deficit
Like Gov. Jan Brewer in 2009, the winner of the gubernatorial race between Republican Doug Ducey and Democrat Fred DuVal will find himself in the unenviable position of trying to erase a massive budget deficit. Legislative fiscal analysts say the state is expected to face a $520 million deficit for the current fiscal year and will be in a $1 billion hole in fiscal year 2016, which begins next July[...]
Phoenix City Council OKs plan to start phasing out food tax
The City Council has approved a plan to begin phasing out an “emergency” 2-cents-per-dollar tax on food imposed in 2010 to help address a massive budget deficit.
Phoenix budget shortfall is $59M next fiscal year
Phoenix estimates a general fund deficit of $59 million for the 2011-12 fiscal year, which begins July 1.
Jim Small talks about city funding feuds
Yellow Sheet Report editor Jim Small discusses the fight cities will have to wage in order to secure state funding they've become used to receiving each year.
Rejection of Props. 301, 302 means big hole in budget
Voters rejected two ballot propositions Nov. 2 that would have transferred almost $450 million from two voter-approved funds to address the state budget deficit.
Burns wants debt genie back in the bottle
Senate President Bob Burns is working on legislation to cap the state's ability to create new debt, but he said he hasn't worked out all the details.
Hostile amendment slows House passage of budget bill
The fate of a bill that would delay payments to schools and universities as a deficit-closing gimmick is in question after the House of Representatives amended the measure, linking its enactment to a jobs creation and business tax cut bill that is stalled in the Senate.
