Arizona’s financial picture dims

????????????????????????????????????????????????????By Mary Jo Pitzl | The Arizona Republic

The state could run a budget deficit this year of more than a half-billion dollars, and things only look worse the following year, as Arizona’s sluggish economy produces lower-than-expected tax revenue.

Revenue projections provided Tuesday to the Legislature’s Finance Advisory Committee show the state will end this budget year with a $520 million deficit and up to $1 billion deficit in the coming fiscal 2016.

The projections “can be summed up in two words: reality check,” said Rep. John Kavanagh, R-Fountain Hills and chairman of the House Appropriations Committee. “We are in for an extremely rough year.

Continued: 

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