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State pinched by decline in corporate tax revenues
The state is starting to feel the pinch as corporate income tax revenues tumble down, which budget analysts say is the result of tax cuts being phased in.
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.
State revenues continue to rise
After years of incessant cuts, Arizona might be on the verge of shifting the budget discussion following months of robust revenue collections.
GOP lawmakers divided over what to do with revenue windfall
When lawmakers approved the state budget in March, they were staring at low revenue expectations and a deficit that forced them to make large, unpopular cuts from higher education, social services and other government programs.
Strong revenue showing raises questions about whether lawmakers acted too fast
The surprisingly strong showing in state revenue collections in April promptly revived questions surrounding the wisdom of rushing the budget’s passage earlier this year.
Ducey signs leased religious property bill vetoed by Brewer
A bill to reduce property taxes on property leased to religious organizations fared far better under the new governor than it did under his predecessor, getting Gov. Doug Ducey’s signature one year after Jan Brewer vetoed it.
Mesnard revives proposal to cut income taxes based on Marketplace Fairness Act
In his quest to ensure the state doesn’t bring in more revenue if the federal Marketplace Fairness Act comes online, Republican Rep. J.D. Mesnard of Chandler isn’t taking no for an answer.
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.
Return of the deficit: a budget nightmare on Washington Street
If Freddy Krueger were visiting Arizona’s treasury instead of terrorizing teenagers’ dreams, he would be clawing, burning and plunging it into another nightmare of billion-dollar proportions.
Federal, state laws at odds on lobbyist political contributions
To curtail the inappropriate influence of money in politics, Arizona law prohibits lobbyists from contributing to lawmakers’ campaign committees while the Legislature is in session.
Grand Canyon loses out on $19M due to shutdown
Officials say the government shutdown cost Grand Canyon National Park $19 million in lost tourism revenue.
APS: $3.7 million spent on metering publicity
Arizona Public Service, the state’s largest energy company, told regulators Nov. 6 that its parent corporation has spent $3.7 million dollars to fight for a drastic reduction to a key rooftop solar incentive in Arizona.
