Budgets, Spending & Taxes

Via thecerbatgem.com Arizona State Retirement System cut its stake in shares of Darden Restaurants, Inc. (NYSE:DRI) by 0.7% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 57,728 shares of the restaurant operator’s stock after selling 400 shares during the period. Arizona State Retirement System’s holdings in Darden Restaurants were worth $4,830,000 as of its most recent filing with the SEC. Other

Maricopa Board of Supervisors Adopt Preliminary County Budget

Via queencreekindependent.com Today my colleagues and I unanimously approved the county’s tentative fiscal year 2018 budget. The $2.49 billion budget makes significant investments in future growth while adhering to the county’s commitment to lean, customer-service oriented government. As chairman, my office worked for months with other elected officials and department managers to craft a budget that is both responsible and sustainable. Balancing a budget without raising the tax rate is

Via kvoa.com Today, the U.S. Environmental Protection Agency announced that the City of South Tucson will receive $300,000 in federal grant funds for brownfield site revitalization efforts, and the White Mountain Apache Tribe Housing Authority will receive $600,000 in cleanup grants. These grants are part of the $56.8 million awarded nationally to 172 recipients to assess and clean up historically contaminated properties, also known as brownfields, to help local governments

Arizona Governor Signs Tax Bills — What You Should Know

   Via lexology.com Arizona Governor Doug Ducey recently signed several bills dealing with tax matters. The bills largely provide tax relief to individuals, investors, and manufacturers. On May 10, the governor signed HB 2528 which raises the personal income tax exemption for individuals by $100 over the next two years and after 2018 indexes the exemption to inflation. This is a good tax policy decision as it keeps the exemption

Gov. Doug Ducey

Via bizjournals.com Arizona Gov. Doug Ducey was expected to sign a series of bills on Monday approving a $9.8 billion budget for the state for 2018. The budget included several measures designed for education, including the first of a two-year, 2 percent raise for teachers as well as package that would allow universities to bond for more buildings, according to the Arizona Republic. The budget represents a 1.9 percent increase

Arizona Loses $13.7B In Tax Revenue for 2016

Via tucsonsentinel.com Teachers who marched on the State Capitol this past week in support of doubling the salary boost that lawmakers were considering went home empty-handed, as Republican lawmakers backed a budget proposal that grants them a two-percent increase over the next two years, saying there simply wasn’t money available. The cost of doing so would have been an additional $34 million per year, a tiny fraction of the $9.8

A more than $175 million streetcar project in the Phoenix suburb of Tempe will begin with the goal of adding three miles of track around downtown by 2020. Construction along the route unveiled by Valley Metro last week will run from June to August, when tourism is lighter and fewer students are in the college town. Most of the work will be on Mill and Ash avenues and will take

Via sfgate.com A group of Arizona school districts and several school groups announced Friday they plan to sue the Legislature over cuts to funding for public school buildings and maintenance. The Arizona School Boards Association called a news conference for Monday to provide details of the lawsuit. It is is expected to seek at least hundreds of millions of dollars for schools that the Legislature has not funded since the

Painted Desert Community Complex To Receive A Multi-year, Multimillion-dollar Facelift

The storefront of the Painted Desert Community Complex, an administrative center for the Petrified Forest National Park designed by Richard Neutra and Richard Alexander Via curbed.com Amid talk of massive national infrastructure and transportation spending, it’s nice to see a small yet significant piece of midcentury roadside history get proper attention from preservationists. Earlier this month, the Painted Desert Community Complex, a 22-acre, self-contained community and park complex designed by

Transportation Investments In East Valley

Via azbigmedia.com In the past, Valley residents would drive their own personal vehicles on the very limited number of freeways available to them. Now, anyone can get anywhere quickly with the enhancements of freeways, bus systems, on-demand services, the light rail and much more. The evolution of transportation in the PHX East Valley has helped drive the region. Over the past 10 years, bus systems have grown and the creation