By establishing the District, the Arizona State Legislature created an entity charged with keeping county residents safe from flood hazards and established an independent funding source for essential projects. The District is a municipal corporation and political subdivision of the State of Arizona. The Maricopa County Board of Supervisors doubles as the District's Board of Directors and receives counsel from the Flood Control Advisory Board comprised of county citizens.

Volume I: Facts
Analyses of Arizona state government finance, using data of the Arizona Joint Legislative Budget Committee, and of the combined finances of all state and local governments within Arizona, using data of the U.S. Census Bureau. A historical perspective is provided for both datasets. For combined state and local government finance, comparisons are made to other states and to the national average. In addition, other measures of the tax burden by state are examined.

Volume II: Concepts and Issues
Addresses the conceptual and empirical relationships between taxes, government revenue, and economic growth. Also discusses current issues specific to Arizona state government finance. This is a revised version of the report "Tax Reductions, the Economy, and the Deficit in the Arizona State Government General Fund," incorporating new and updated material.

Volume III: Options for Managing the Arizona State General Fund
Presents options and offers recommendations for managing the Arizona state government general fund. The near-term budget deficit is addressed as well as ways to prevent budget deficits from recurring every time economic growth slows.

The primary purpose of this paper is to examine the educational achievement and attainment of Latinos living in Arizona. In short, the educational performance and attainment of Hispanics lags considerably behind that of the state’s non-Hispanic white residents. Moreover, the growth in the number of Hispanics, especially children, has far outpaced that of the non-Hispanic white population, raising the importance of this educational gap. This issue was highlighted in the 2001 Morrison Institute report Five Shoes Waiting to Drop on Arizona’s Future.

The specific goal of this report is to assess the future of Hispanic educational performance and attainment in Arizona, but this outlook is dependent to a very sizable extent on the characteristics of the Hispanics living in Arizona. In particular, the educational achievement and attainment of Hispanic immigrants has been substantially less than that of Hispanics born in the United States. Forecasting Hispanic immigration specifically and the characteristics of the Hispanic population generally is extremely difficult for two reasons: severe data limitations, and recent legal and policy changes related to immigration.

The 2009 Comprehensive Floodplain Management Plan and Program is intended to be used as a general guide for future decision-making in District activities. The Plan aims to present adequate background information to aid District staff in prioritizing areas for future studies and projects. The Plan identifies historic flooding events, reviews the District's efforts to solve flooding problems, and formulates five-year plans to reduce flooding through flood control project construction, floodplain identification, and planning programs throughout the county.

The purpose of the stabilization fund is to reduce the fluctuations in general fund revenue caused by the economic cycle. These fluctuations result in large budget surpluses in some years and large deficits in other years. Without considering the structural deficit, the budget stabilization fund almost certainly will not have the funding necessary to offset the cyclical reduction in revenue that will occur during the next recession.