In "Roadmap to Arizona's Economic Recovery," a general fund revenue forecast is presented which includes proposed changes to the revenue system. If the proposed changes are backed out of these figures, the baseline forecast can be obtained. This addendum provides detail on the Roadmap's revenue projection. the three key points are: 1) Arizona's economy is highly cyclical, growing much faster than the nation during economic expansions; 2) Revenues everywhere, but especially in Arizona, given its revenue structure, are much more cyclical than the overall economy; 3) the revenue forecast in the Roadmap is actually conservative. Revenues relative to the size of the economy remain below the historical norm, even in fiscal year 2015.

The state government general fund shortfall in the current fiscal year is projected to be between about $550 million and $1 billion. This shortfall will need to be eliminated through spending cuts and/or revenue enhancements. The Legislature has demonstrated a preference for spending cuts. However demand does not decline during a recession for most public-sector services, including university services. Any reduction in funding for universities will have a negative and direct effect. A reduction in state government spending for universities of around $200 million would cause direct and indirect job losses of approximately 4,000. A substantial decrease in state government funding for universities will have negative consequences beyond these short-term effects.

The Old U.S. Highway 80 Area Plan is an entirely new plan which removes portions of the State Route 85 Area Plan and the Tonopah/Arlington Area Plan. It is important to note that this Plan is not a document that represents final buildout as many municipal general plans typically do. Rather, it prepares for and accommodates growth over the next ten to fifteen years, but will be reexamined and updated as necessary to reflect current conditions and changes. While not a complete solution, the Plan helps address the effects of growth and development by enhancing cooperation between government agencies, citizens, and other affected interests, and by considering regional implications.

It is important to note that the Goldfield Area Plan is not a document that represents ultimate buildout as is typically the case with many municipal general plans. Rather, it prepares for possible growth over the next ten to fifteen years, but will be reexamined and updated periodically to reflect current conditions and changes. While not a complete solution, the Goldfield Area Plan helps address the effects of possible growth and development by enhancing cooperation between public agencies, citizens, and other affected interests, and by considering regional implications.

It is important to note that the Rio Verde Foothills Area Plan is not a document that represents ultimate buildout as many municipal general plans typically do. Rather, it prepares for and accommodates growth over the next ten to fifteen years, but will be reexamined and updated periodically to reflect current conditions and changes. While not a complete solution, the Rio Verde Foothills Area Plan helps address the effects of growth and development by enhancing cooperation between government agencies, citizens, and other affected interests, and by considering regional implications.

It is likely that urban growth is occurring and will occur along the McMicken Dam Scenic Corridor, which will present residents and stakeholders with important changes. Mitigating the potential impacts of these changes will continue to be a high priority for Maricopa County. Because these guidelines reflect the recommendations of residents and other stakeholders, they provide a unique opportunity for these residents and stakeholders to participate in the future growth and development of their area.

It is likely that urban growth will occur along Olive Avenue, which will present residents and stakeholders with important changes. Mitigating the potential impacts of these changes will continue to be a high priority for Maricopa County. Because these guidelines reflect the recommendations of residents and other stakeholders, they provide a unique opportunity for these residents and stakeholders to participate in the future growth and development of their area.