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The cost of cuts: Arizona tax carve-outs last year hit $13.7B
In fiscal year 2016, state law allowed $13.7 billion in taxes to go uncollected through a litany of exemptions, deductions, allowances, exclusions or credits. And that number is likely to grow by another $1-to-2 billion once individual income tax deductions are tallied.
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.
New policy: Corp Comm says small utilities can pass income taxes on to ratepayers
Reversing a decades-old policy, the Arizona Corporation Commission will allow the owners of small utility companies to pass their income taxes off to consumers across the state.
