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Republican legislative leaders face first budget crunch in nearly a decade
Republican leaders in the Arizona Legislature are facing their first budget crunch in nearly a decade and minority Democrats are pointing the finger right at the GOP, saying the pain that will be felt by state residents is a self-inflicted wound.
House refuses to require individual income tax rates to be cut during surplus
The state House refused Monday to require that individual income tax rates be cut automatically any time the state runs a surplus.
Corkscrews, rusty road grader among finds at state surplus auction
The state auctions off pounds of corkscrews every month obtained from the Transportation Security Administration among many of other items.
Battle over surplus money looms in 2016
There's a twist this year to what has been the perennial big fight at the Capitol over money. Arizona has too much of it.
Arizona reports budget surplus after taxes
Arizona ended the budget year with a $266 million surplus, a stark contrast from the $132 million deficit lawmakers had planned for.
Debt Dilemma
2010 decision to mortgage state’s assets threatens cash reserves
Borrowing billions of dollars allowed Arizona to limp through the worst financial crisis in its history. But the decision to mortgage state assets that include the House and Senate buildings has an unwanted underside: It precludes the state from having significant cash reserves.
Brewer boasts better-than-expected budget surplus
Gov. Jan Brewer touted a year-ending budget surplus that’s about $200 million more than was expected, which the governor attributed to the improving economy and her “sound fiscal leadership.”
In a press statement on Monday, Brewer said the state had an estimated cash balance of about $895 million at the end of fiscal year 2013. The budget approved by lawmakers and Brewer in June e[...]
Arizona reports improved year-end budget figures
Arizona's post-recession budget situation continues to improve as the state begins a new fiscal year in better shape than had been expected. The legislative budget staff says tax revenue was $145 million more than anticipated during the fiscal year that ended June 30.
State posts modest revenue growth in November
State revenues grew modestly in November even as signs of economic strains persist.
