An assessment for fiscal year (FY) 2016 of the contribution of Arizona State University (ASU) to the Arizona economy, based on the economic impact of its employment and spending, its benefits as a provider of higher education, and its research.
The 2016 College Football Playoff National Championship Game was held on January 11, 2016, in Glendale, Arizona. The W. P. Carey School of Business at Arizona State University was commissioned to conduct an economic impact assessment of the Game and events surrounding it, including the impact of direct and indirect visitor and organizational expenditures. This study utilized multiple research, survey and analytical methodologies. This report will outline the methodologies used and the results obtained in the study and the economic impact.
This study examines the economic impact of the Central Arizona Project (CAP) to the State of Arizona in two aspects: the construction of CAP, 1973‐1993; and the impact of CAP's water supply delivery operations, 1986‐2010. A modified IMPLAN input‐output model for the State of Arizona is used to implement both analyses. The economic impacts for each analysis are assessed in terms of gross state product (GSP) and employment.
An assessment of the contribution of Arizona State University to the Arizona economy, based on the economic impact of its employment and spending, on its benefits as a provider of higher education, and on its research.
Each year, information is requested from cities, towns, private water companies, and water improvement districts in an effort to summarize and document water conservation activities implemented within Active Management Areas.
Arizona’s travel and tourism industry is operating in a new landscape driven by sustained economic challenges, evolving demographics, emerging technology and shifts in consumer travel patterns. Thus the creation and importance of its 5-Year Strategic Plan is to lay the foundation upon which our agency will take the lead and assist in the continued growth and prosperity of our industry over the next five years, further contributing to the overall economic development of the state.
Realizing the need for drought preparedness in Arizona, a Governor’s Drought Task Force was created in 2003 and the Arizona Drought Preparedness Plan developed. The plan was adopted in 2004 and its continued implementation ordered in 2007. It established a framework to monitor drought, improve understanding of drought impacts, and determine mechanisms for limiting future vulnerability. The Arizona Department of Water Resources coordinates these activities and prepares the Arizona Drought Preparedness Annual Report each year.
The Arizona Department of Water Resources manages the state’s water supply. Water management includes a wide variety of activities that are intended to protect and preserve the water supply. Examples of these activities include licensing well drillers, assuring the safety of dams, and developing mandatory conservation requirements for all water use sectors in Active Management Areas, protecting the state’s Colorado River allocation and facilitating Indian water rights negotiations among tribal representatives, local interests, federal and state officials and members of Congress.
For those interested in one of the most extreme state tax and expenditure limitations, TABOR – Colorado’s initiative that limits the funding of most expenditures to annual revenue growth restrained by the sum of annual population growth and inflation rates – would seem to be exactly the right choice. To some, the initiative simply limits government to spend within its means. However, the analysis in this paper reveals that, true to the language in the 1992 Colorado initiative, TABOR limits government growth, and over time the public sector, as a share of the overall economy, declines sharply – crowding out opportunities for investments in strategic initiatives or opportunities for tax reform that may be popular with large voter constituencies or the business community. Advocates point out that provisions in TABOR do allow for voter overrides, but these are costly in both time and money, and until the overrides take place, government is
hamstrung. A simpler, more efficient alternative would be to elect fiscally conservative legislators and hold them accountable for prudent fiscal decisions that strike the right balance between a tax base conductive to economic growth and strategic investments that provide public sector infrastructure, nurturing the business climate and promoting the health and well-being of the citizenry. The paper first outlines the TABOR amendment in Colorado and examines its fiscal consequences for that state. It then examines the potential impact of a TABOR in Arizona.