On Wednesday, September 29, Arizona’s Finance Advisory Committee (FAC), received an economic and budget briefing from several of the state’s top economists. While sales tax revenues are still anemic, their general consensus is that an economic recovery is well underway. Many leading indicators are positive, meaning that a double-dip recession is unlikely to occur. Unfortunately, however, the economists project that the state will still face a budget shortfall for the FY 2012 budget cycle in the range of $800 million to $1.4 billion.Click on the following link for a PowerPoint of the presentation:
www.azleg.gov/jlbc/revenuebudgetupdate.pdf
Source: P.L.A.N.
No comments:
Post a Comment