Jump to Full Analysis Arizona ended last fiscal year with what looked like good news — a $519 million cash balance. But once you subtract delayed bills from last year and factor in required spending increases already set…
On November 20, 2025, Gov. Katie Hobbs issued an executive order that directs the Arizona Department of Revenue to prepare tax forms early so Arizona can act quickly if lawmakers approve several proposed deductions next legislative…
Just last month, the Arizona Financial Advisory Committee (FAC) met to discuss the revenue and economic outlook for Arizona. While the panel of economists and Joint Legislative Budget Committee (JLBC) staff had projected…
Last month, the Joint Legislative Budget Committee (JLBC) presented its fiscal year 2026 (FY2026) baseline and revenue forecast at their January Financial Advisory Committee (FAC) meeting. What is the JLBC baseline? The…
Arizona has a variety of tax credits available to taxpayers. In its wisdom, the legislature created the Joint Legislative Income Tax Credit Committee in 2002 to keep an eye on credits, including revenue and economic impact…
On January 13, 2025, a new Arizona legislature will be sworn in and begin forming the 2026 state budget. Today’s budget outlook is significantly different from what legislators faced last January. Then, the state faced…
Proposition 312 (Prop 312) produces an economic sanction on local communities and is a short-sighted approach to an issue that requires local solutions, not a one-size-fits-all statewide initiative. If passed, Prop 312…
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 predicament after it learned…
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