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What’s in the budget box depends on who you ask
With JLBC projecting a “structural” surplus of only $24 million in FY18, there won’t be much money to go around this session. And those who want a slice of that pie will likely have to line up behind K-12 education, the governor’s priority.
Revenues exceed forecasts by $322M, but state leaders reluctant to call it a surplus
Six straight months of revenues exceeding projections has some lawmakers hoping to reverse the impact of Gov. Doug Ducey’s budget cuts, but the Governor’s Office has signaled that agency heads and legislators shouldn’t get their hopes up.
Brewer celebrates end of Prop. 100 tax hike
Arizona consumers will benefit from a substantial tax cut on June 1 as Proposition 100, the temporary sales tax increase approved by voters in 2010, expires.
Two scenarios forecast widely different effects of sales tax reform
Gov. Jan Brewer’s proposal to simplify the state’s sales tax system could increase state revenues slightly or carry a hefty price tag depending on which estimate of the Legislature’s budget research arm proves correct.
Economists project modest state revenue growth for next few years
Economists and budget analysts are cautiously optimistic about state revenues during the next few years, forecasting a modest growth of 2.9 percent this year and 4.9 percent next year. They also confirmed that the state has raised enough money to wipe out last year’s
