Record-Breaking State Revenues Could Create Headaches For Arizona Legislative Leaders
The state brought in more money in the recently ended fiscal year than it’s ever collected in any previous fiscal year — more than $11 billion.
Both individual and corporate income tax collections went up by double digits, while sales tax revenues were also higher than expected. The numbers come from the Joint Legislative Budget Committee (JLBC), which analyzes the Legislature’s budget.
To talk about what the numbers mean, The Show reached out to policy analyst Beth Lewallen, who owns Italicized Consulting, and economist Alan Maguire, president of the Maguire Company.