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ARIZONA

Arizona

  • In The News
  • Background
  • Issues
  • Solutions
  • Pensions
  • Commentary
    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      This trend of increased state dependency on Washington reduces state and local control, while threatening the states' long-run autonomy.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines : Arizona

      State budget returns to unsustainable deficits

      The Arizona Republic | by Robert Robb | April 11, 2014

      The spending lobby had the usual complaints about what the recently adopted state budget doesn't fund. The real news, however, is that the spending that was approved probably puts the state back into the position of having an unsustainable structural deficit.

    • Headlines

      Rebounding economy fills state coffers with record tax revenues

      Washington Post - GovBeat | by Reid Wilson | April 10, 2014

      State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.

    • Budget Timeframe: Annual, although smaller agencies receive biennial budgets

      Fiscal Year begins: July 1


      Find the legislative session calendar here.

      Find the current state budget here.

      Find the current legislative leaders here.

       

      Arizona Gov. BrewerGov. Jan Brewer
      Office of Governor Jan Brewer
      1700 West Washington
      Phoenix, AZ 85007
      Phone: (602) 542-4331
      Fax: (602) 542-7601
      http://www.governor.state.az.us/

       

      John Arnold, Director
      Office of Strategic Planning & Budgeting
      1700 W. Washington, Suite 500
      Phoenix, AZ 85007
      Phone: (602) 542-5381
      Fax: (602) 542-0868
      ospbadmin@az.gov


      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

      Arizona is required to pass a “balanced budget." Article IX, Section 3 of the 1912 Constitution requires the legislature to initiate an annual tax to pay for any state debt within twenty-five years of the passage of the law creating that debt.  Moreover, Section 5 sets the debt limit at $350,000, and Section 17 sets a spending cap for appropriations at 7% of the total state personal income.  It also authorizes the legislature to override the cap by 2/3 vote.  Arizona law does not forbid the carrying over of a deficit from one year to the next.

       

      The State maintains three individual major governmental funds: the General Fund; Transportation & Aviation Planning, Highway Maintenance & Safety Fund; and the Land Endowments Fund.  The State prepares its operating budget on the cash basis of accounting and budgets two of the major funds the General Fund and; the Transportation & Aviation Planning, Highway Maintenance & Safety Fund; along with Non-major Special Revenue Funds.  Regardless of how many funds are budgeted, Arizona does not budget revenues for any of them. [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

      Goldwater


    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.

    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • HEADLINES

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.

    • Headlines

      State government dependence on federal funding growing at alarming rate

      The Washington Examiner | by David Freddoso | April 15, 2014

      This trend of increased state dependency on Washington reduces state and local control, while threatening the states' long-run autonomy.

    • Headlines

      Rich States, Poor States

      ALEC | by Arthur B. Laffer, Stephen Moore and Jonathan Williams | April 15, 2014

      Using years of economic data and empirical evidence from each state, the authors identify which policies can lead a state to economic prosperity. Rich States, Poor States not only identifies these policies but also makes sound research-based conclusions about which states are poised to achieve greater economic prosperity and those that are stuck on the path to a lackluster economy.

    • Headlines : Arizona

      State budget returns to unsustainable deficits

      The Arizona Republic | by Robert Robb | April 11, 2014

      The spending lobby had the usual complaints about what the recently adopted state budget doesn't fund. The real news, however, is that the spending that was approved probably puts the state back into the position of having an unsustainable structural deficit.

    • Headlines

      Rebounding economy fills state coffers with record tax revenues

      Washington Post - GovBeat | by Reid Wilson | April 10, 2014

      State governments collected more than $846 billion in tax revenue in the last fiscal year, the highest amount ever reported, as a rebounding economy boosted coffers hit hard by the recession.

    • Headlines : Arizona

      State budget deal sealed

      Arizona Daily Sun | by Howard Fischer | April 8, 2014

      State lawmakers approved a $9.23 billion budget for the coming fiscal year Monday as Senate Republicans agreed a spending plan higher than they had originally wanted but still less than sought by Gov. Jan Brewer.

    • HEADLINES: Arizona

      State budget deal sealed

      Arizona Daily Sun | by Howard Fischer | April 8, 2014

      State lawmakers approved a $9.23 billion budget for the coming fiscal year Monday as Senate Republicans agreed a spending plan higher than they had originally wanted but still less than sought by Gov. Jan Brewer.

    • Headlines

      Pew's latest pension report understates unfunded liabilities, but still shows growing pension problem

      by Cory Eucalitto | April 4, 2014

      While Pew's report relies directly on state-reported numbers that understate the size of unfunded liabilities, it nonetheless shows tremendous growth in unfunded liabilities since 2008.