1. About
 / Modified may 23, 2017 4:40 p.m.

State Revenues Drop in April, But Analysts Say No Cause for Concern

Still plenty of money, and tax time explains volatility, they said.
by Christopher Conover

arizona money puzzle spot

Tax collections in April came in $86 million below expectations, according to the Joint Legislative Committee’s monthly budget report.

Budget analysts with the nonpartisan committee said the drop is not a cause for concern because April is the month most Arizonans pay their taxes, which introduces some volatility.

A rebound is expected. The analysts said tax collections for the first half of May are higher than expected and could offset as much as half of the drop in April.

The state also has a budget surplus that more than makes up for the April shortage.

MORE: Economy, Legislature, News
By posting comments, you agree to our
AZPM encourages comments, but comments that contain profanity, unrelated information, threats, libel, defamatory statements, obscenities, pornography or that violate the law are not allowed. Comments that promote commercial products or services are not allowed. Comments in violation of this policy will be removed. Continued posting of comments that violate this policy will result in the commenter being banned from the site.

By submitting your comments, you hereby give AZPM the right to post your comments and potentially use them in any other form of media operated by this institution.
AZPM is a service of the University of Arizona and our broadcast stations are licensed to the Arizona Board of Regents who hold the trademarks for Arizona Public Media and AZPM. We respectfully acknowledge the University of Arizona is on the land and territories of Indigenous peoples.
The University of Arizona