Economic Outlook Luncheon: The state budget perspective

Professor Dennis Hoffman, director of the L. William Seidman Research Institute at the W. P. Carey School, gave an analysis of the state’s budget situation. He says taxes on individuals are relatively low in Arizona, and the public pensions are generally solvent. Also, the recent upswing in the economy has helped provide some stabilization for incoming state revenue, even though tax collections as a share of income have continued to fall for years. However, the current clarity in the fiscal picture will start to get cloudy again. Hoffman spoke May 15, 2012 at the Annual Economic Outlook Luncheon, sponsored by the Economic Club of Phoenix.
 

Professor Dennis Hoffman, director of the L. William Seidman Research Institute at the W . P . Carey School, gave an analysis of the state’s budget situation. He says taxes on individuals are relatively low in Arizona, and the public pensions are generally solvent. Also, the recent upswing in the economy has helped provide some stabilization for incoming state revenue, even though tax collections as a share of income have continued to fall for years. However, the current clarity in the fiscal picture will start to get cloudy again. Hoffman spoke May 15, 2012 at the Annual Economic Outlook Luncheon, sponsored by the Economic Club of Phoenix. Follow Hoffman's slides.