Arizona’s $1 billion budget hole

marianne muegenburg coth / Flickr
marianne muegenburg coth / Flickr

By James Nash | Bloomberg

Arizona, where state spending tripled since 1990 as the population grew 80 percent to 6.6 million, is facing the consequence of a slowdown coupled with tax-cutting fervor in the Republican-run legislature.

Five years after the end of a recession that cut school spending 15 percent and prompted a temporary sales-tax boost, the home of the Grand Canyon is projecting a shortfall of $520 million by June 30 and as much as $1 billion the following year.

Yet neither legislative leaders responsible for the $9.5 billion budget nor candidates vying to succeed 70-year-old Republican Governor Jan Brewer in next week’s election are pushing to reinstate the sales levy that ran out last year or to reverse a 30 percent cut in corporate income tax rates.



Share this!

Additional Articles

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories