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Arizona advisory panel to meet on state of economy
Just months into the current fiscal year, Arizona's budget picture is again grim as lawmakers prepare to hear new economic forecasts.
Sales tax increase not deterring spending
We're paying more in state sales taxes, however the first month of Arizona's penny-per- dollar sales-tax hike did not significantly alter overall spending.
‘Jobs bill’ rewritten without personal income tax cut
A bill intended to reduce business and personal taxes would change significantly if a Senate committee adopts a strike-everything amendment that was agreed upon by leaders of both chambers.
Report ranks Arizona ninth nationally in state, local reliance on sales taxes
Arizona ranks ninth nationally in its reliance on sales taxes to fund its state and local governments, according to a report by a nonpartisan tax research organization. The Washington, D.C.-based Tax Foundation found that 48.4 percent of Arizona's tax base came from general sales taxes and from selective sales taxes on motor fuel, tobacco, insurance premiums, public utilities, amusements and al[...]
Revenue slides again; deficit grows by $230M
Nearly one-fifth of the state’s general fund revenues eroded in the 2009 fiscal year, the largest decline on record since World War II. New revenue figures show the state was short nearly $479 million in fiscal 2009, which ended June 30.
