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Fiscal Fright: Budget storm clouds could put state ‘under water’ in 2014
Arizona has weathered its share of economic storms in recent years. Stopgap measures, a temporary tax increase and incessant budget slashing allowed the state to precariously stay afloat.
But the horizon promises no relief yet. In fact, many budget decisions drawn up by state leaders have actually put Arizona on a course toward troubled waters.
Lawmakers hope Arizona can cash in on California Internet tax
California’s loss could be Arizona’s gain, if some legislators have any say about it.
With the outcry from some businesses about the Golden State’s newly-passed “nexus tax” on some online retailers, Rep. Tom Forese, R-Gilbert, has proposed that Arizona take advantage of the discontent and try to recruit the angry businesses to Arizona, which has no such tax.
Lawmakers postpone meeting to discuss luring businesses from CA
In a meeting that was announced and canceled within the span of roughly three hours, lawmakers planned to push the message: Dear California businesses: Move to Arizona!
Arizona to require tax tally for online purchases
Arizonans will find it harder to ignore their obligation to pay sales taxes on purchases of goods bought online or outside the state.
Revenues collections solid for 10th month in a row
Increases in individual income taxes and a higher-than-anticipated influx of federal funds put May’s revenue collections on solid footing, the Legislature’s budget arm reported.
Budget analysts: Arizona might be back in black by end of fiscal year
Legislative budget analysts say preliminary revenue reports for May show the state could wipe out the bulk of its red ink in the current fiscal year.
Pearce: No spending increase even if state gets extra cash
Pointing out that Arizona faces a revenue cliff when a temporary sales tax increase expires in two years, Senate President Russell Pearce said any extra money the state collects won’t be used to restore cuts or be spent on new programs.
Arizona revenue figures show gains from last year
Legislative budget analysts see good news in a preliminary figures from Arizona's April tax collections.
Revised data show recession hit AZ harder than previous estimates
Revised unemployment data indicate that the national recession hit Arizona’s job market far harder than previously believed, and the sputtering job growth continues to dampen reports of positive growth in other sectors of the economy.
Arizona reports significant gain in state revenue
Legislative budget analysts report what they say is clearly a significant development in Arizona's economic recovery.
Gov. Brewer outlines tax, economic development plan
Brewer says her goal is to retain and attract businesses with steps intended to promote new investments and creation of quality jobs.
Arizona voters face choices on spending priorities
Proposition 302 on Arizona's general election ballot is about priorities. Passage of the referendum means tobacco tax dollars now allocated to an array of early childhood services under a 2006 voter-approved initiative would instead go into the general fund for the Legislature to appropriate.
