By Jim Small | Arizona Mirror
State government in Arizona has never in its 107-year history collected more money than it did in fiscal year 2019, which ended June 30, according to preliminary tabulations by legislative budget analysts. That means the state is starting the new fiscal year with a large surplus of cash.
In a report published today on the state’s fiscal standing during June, analysts at the Joint Legislative Budget Committee noted that Arizona’s general fund – basically, the operating fund for much of state government – grew by 11.2% in the recently ended fiscal year. In all, the state collected $11.23 billion in revenues, mostly from taxes.
That puts general fund revenues more than $1.1 billion greater than in the prior fiscal year, a growth of 11.2%. A large portion of the year’s gains came..
