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Ducey takes on budget risk to fund teacher pay hike
As Arizona clawed its way out of the Great Recession, Gov. Doug Ducey sought to ease the state’s reliance on borrowing and gimmicks to balance the budget.
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.
Revenue boost means state won’t have to dip into rainy day fund
Strong revenue collections turned a $132 million shortfall into a $266 million cash balance at the end fiscal 2015, a preliminary analysis shows.
Extracting funds for K-12
Crandell’s overhaul of school finance plan attracts skepticism and support
It’s a puzzle that has vexed policymakers, education leaders and business groups for decades, but it’s one that Sen. Chester Crandell hopes to solve: How can the state revamp education funding to be both fair and simple?
Arizona sees rise in revenues from tribal casinos
Arizona has seen its revenue from tribal casinos rise for the seventh consecutive quarter. The Arizona Department of Gaming reported Wednesday that tribes' payments to the state will be about $24.3 million for the quarter that ended March 31.
State sees robust revenue growth in March
The state posted another robust growth in revenue last month, another sign that the economy is getting healthier. Year-to-date, revenues are 6.7 percent higher, according to a report from the Joint Legislative Budget Committee.
State revenue up for 15th consecutive month
State revenue rose again in October, giving policymakers a reason to cheer. This marks the 15th month in a row of revenue growth, the Joint Legislative Budget Committee reported last week. Buoyed by a strong showing in individual income taxes, revenue increased by 16.6 percent last month compared to the year before.
State budget revenue up $80M in August
Major economic indicators in Arizona point to a steady recovery, although some bumps remain.
Revenues in August grew by 8.6 percent, buoyed by strong showings in sales and individual income taxes.
State revenue improves, but full recovery remains elusive
For a state that is starving for good news, the recently-concluded fiscal year has brought some relief as annual revenue grew for the first time since the recession, preliminary figures released on July 27 showed.
Arizona reports significant gain in state revenue
Legislative budget analysts report what they say is clearly a significant development in Arizona's economic recovery.
States look toward expanded gambling for revenue
Long after the recession ends, one of its most visible legacies is likely to be more places - and ways - for Americans to gamble. Pennsylvania lawmakers in October ended the nation's longest state budget standoff by counting on some $250 million in revenue that would be raised by legalizing and taxing casino table games, such as blackjack, craps and roulette.
Lottery renewal needed before state can borrow
The odds of winning the Arizona Lottery's big jackpot are about one in 175 million. The odds that lawmakers will sell off future lottery revenues for a quick cash infusion are exponentially better. As lawmakers ponder how to fix a fiscal 2011 budget deficit that is expected to top $2 billion, many are viewing lottery securitization as a last resort whose time has come.
