While there are potential setbacks on the horizon, the economic outlook ahead looks surprisingly bright, state and national economists and budget analysts said Thursday at the annual conference of the nonprofit Arizona Tax Research Association (ATRA).
State Budget
Chamber Business News
Monday, November 23, 2020
The Arizona Republic
Saturday, November 21, 2015
At the annual Arizona Tax Research Association conference last week, Joint Legislative Budget Committee Director Richard Stavneak said Gov. Doug Ducey and the Legislature can expect to kick off the legislative session and budget process in January about $555 million in the black.
The Daily Star
Friday, November 20, 2015
In a speech to the Arizona Tax Research Association, Ducey boasted of signing legislation earlier this year that indexed the state’s income tax brackets. The net effect was to ensure that someone whose salary increased no faster than inflation was not bumped into a higher tax bracket.
Associated Press
Friday, November 20, 2015
The Republican governor told hundreds of people attending the Arizona Tax Research Association’s outlook conference that indexing rates prevents a “stealth tax increase” that can hit people when they get a raise. The indexing bill he signed will save taxpayers who would have been bumped into a higher tax bracket about $15 million a year.
Arizona Daily Star
Saturday, January 31, 2015
“He [Ducey] just ran and said he not only wasn’t going to increase them (taxes); he’s going to decrease them,” noted Kevin McCarthy
CBS 5 News
Saturday, January 24, 2015
McCarthy said it's not fair to compare education and prison funding, since one doesn't have anything to do with the other.
Arizona Public Media
Monday, January 12, 2015
When the Legislature wrapped up its work last summer, members knew when they returned in 2015 they would face some difficult budget issues.
At the time, the projected deficit for the 2015 budget year was in the hundreds of millions of dollars. That projection has grown, with the red ink an expected $1 billion in the budget year starting in July.
Arizona’s Constitution requires that the budget to be balanced each year, and the first go at it will come from Gov. Doug Ducey.
Politico
Friday, December 26, 2014
“Because we’re facing such a large budget shortfall, I haven’t heard anyone speak of cutting taxes any more than we already have,” said Jennifer Stielow who sits on Ducey’s budget study committee that will offer up recommendations for his first budget. “It’s not the environment to propose something like that.”
The Arizona Republic
Tuesday, November 18, 2014
Ducey said...he has assembled a transition "budget study committee" so his administration will be able to hit the ground running after he is sworn in on Jan. 5.
Arizona Capitol Times
Monday, January 27, 2014
Kevin McCarthy, president of the Arizona Tax Research Association, said he prefers the more conservative revenue estimates, though he “wouldn’t characterize (Brewer’s) revenue estimates as being rosy.”