A PRELIMINARY LOOK AT THE STATE BUDGET AND REVENUES
The last couple of weeks have given us a glimpse into what is likely to be a difficult session when the legislature returns in January: Significant funding needs with declining revenues. Funding...
View ArticleArizona Will Lose $14.2 billion to Tax Cuts by 2028
In recent years, policymakers in Phoenix joined their counterparts in more than half the states across the country on a historic revenue-reduction spree that shifted public funds away from public...
View ArticleArizona Legislature Once Again Shirks its Responsibility to Review Billions...
State law requires the Joint Legislative Income Tax Credit Review Committee to submit a report of its findings and recommendations to the Governor and legislative leadership by December 15. Four tax...
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Tribal Tax Primer: A Deep Dive into Arizona's Tribal Tax Landscape
The state of Arizona is home to 22 federally recognized Native American tribes whose lands comprise 27 percent of the state’s landmass.¹ Arizona tribal reservations can be found throughout the state,...
View ArticleAZCenter 2024 Legislative Agenda
State budgets and taxes represent our shared priorities and values. The Arizona Center for Economic Progress (AZCenter) advocates for a state budget and tax structure that builds stronger economic...
View Article$100M in Gov. Hobbs budget proposal for child care.
Our thanks to Governor Hobbs for prioritizing child care in her budget proposal. On Friday afternoon, the Governor released her budget proposal signifying her priorities for the upcoming legislative...
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Arizonans with Highest Incomes Pay Much Less in Taxes than Other TaxPayers
A new report released by the Institute on Taxation and Economic Policy (ITEP) highlights how recent tax policy changes have increased inequity and decreased fairness among taxpayers depending on...
View ArticleTax Day Tip: It’s Time to Face Reality That State Revenues are in Disarray
Governor Hobbs and the state legislature have until June 30 to pass a budget. The major problem they face is state revenues that are lower than expected when they passed the budget last year. They...
View ArticleClock Ticking: $715 Million Deficit Still Looms
Since last October, fiscal analysts have been warning that the state’s revenues are not sufficient to support the budget that was passed a year ago. The latest Monthly Highlights issued by the Joint...
View ArticleFrom Flat Tax to Funding Dilemmas: Arizona’s Budget Struggles
Working late into the night on a Saturday, the state legislature passed legislation to resolve an almost $1.6 billion deficit for fiscal years 2024 and 2025. The state found itself in this dire...
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