The League of Arizona Cities and Towns and the Arizona Association of Counties fended off a bonding plan that would have allowed the state’s three public universities to keep the sales taxes they ordinarily would have paid to the state, cities and counties.Read More »
Corporate tax cuts enacted during the Great Recession amid promises they would stimulate business growth are actually going to leave the state with $350 million less by the time they’re fully implemented.Read More »
The struggle for legalizing recreational-use marijuana will likely center on the impacts of the drug on Arizona children.
Anti-marijuana forces are arguing that the drug harms the brain and that making it legally available will lead to more children using it, while legalized-marijuana advocates are ready to propose an excise tax that would go to schools.
Booming sales on Cyber Monday might have meant savings for consumers, but they could also have meant lost revenue for the state of Arizona, a new report said.Read More »
After successive months of growth, state revenues fell in May, when collections fell $9.2 million below the budget forecast. But the culprit doesn’t appear to be a slowing in the economy.Read More »
Thanks to a significant uptick in tax collections that began in the last half of FY11, JLBC is now estimating the surplus for FY12 will be $510 million, though it seems likely that number will rise in the coming months.Read More »
A group calling itself Arizonans for Fair Gaming has filed an initiative that would allow gambling at private casinos and racetracks if it wins voter approval.Read More »
Good news: economists are predicting an economic boost in Arizona. Bad news: real recovery isn't on the horizon until 2015.Read More »