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Created2010-03
Description

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

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.

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ContributorsHoffman, Dennis L (Author) / Rex, Tom (Author) / Center for Competitiveness and Prosperity Research (Contributor)
Created2010-01
Description

Arizonans face the twin problems of recovering from a deep and long economic recession and dealing with significant fiscal imbalances in state and local governments. This report details a roadmap to address both the short-term and long-term economic and fiscal issues. The roadmap addresses economic needs by proposing actions in

Arizonans face the twin problems of recovering from a deep and long economic recession and dealing with significant fiscal imbalances in state and local governments. This report details a roadmap to address both the short-term and long-term economic and fiscal issues. The roadmap addresses economic needs by proposing actions in the near term to stimulate the economy and to provide jobs. In the longer term, the economic focus of the plan shifts from job creation to job quality. The roadmap also addresses the state's fiscal difficulties in both the short and long term.

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ContributorsHoffman, Dennis (Author) / Rex, Tom (Author) / Center for Competitiveness and Prosperity Research (Contributor)
Created2008-12
Description

In a paper released by the Goldwater Institute on December 18, 2008, "A Fresh Start for Arizona: Proposals for Closing a Billion-Dollar Budget Gap," Byron Schlomach puts forth recommendations for closing the deficit in the state government general fund. The following notes are an attempt to illustrate the consequences of

In a paper released by the Goldwater Institute on December 18, 2008, "A Fresh Start for Arizona: Proposals for Closing a Billion-Dollar Budget Gap," Byron Schlomach puts forth recommendations for closing the deficit in the state government general fund. The following notes are an attempt to illustrate the consequences of the spending reductions recommended by Dr. Schlomach, along with some considerations about the philosophy apparently embodied in the recommendations.

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ContributorsHoffman, Dennis (Author) / Rex, Tom (Author) / Center for Competitiveness and Prosperity Research (Contributor)
Created2008-06
Description

The initial $1.4 billion construction investment results in an immediate addition of $828 million to GSP and $700 million in labor income after controlling for resource and material acquisition from out-of-state sources. The in-state activity induces additional GSP generation of $1.1 billion and $711 million in labor income as the

The initial $1.4 billion construction investment results in an immediate addition of $828 million to GSP and $700 million in labor income after controlling for resource and material acquisition from out-of-state sources. The in-state activity induces additional GSP generation of $1.1 billion and $711 million in labor income as the direct effects ripple through the Arizona economy.

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ContributorsHoffman, Dennis (Author) / Rex, Tom (Author) / Center for Competitiveness and Prosperity Research (Contributor)
Created2014-10
Description

This paper examines Arizona State University (ASU) graduates employed in Arizona. Approximately 207,000 ASU graduates were working in Arizona in 2012. The aggregate earnings of the ASU graduates were around $11.4 billion. These individuals contributed about $819 million in state taxes.