Arizona Spending is at a 20 Year Low
The Joint Legislative Budget Committee staff recently released information showing that Arizona’s General Fund spending as a percent of the state’s personal income is the lowest it has been in 20 years. Based on estimates provided by the University of Arizona Economic and Business Research Center, General Fund spending for the current fiscal year is only $3.50 per $100 of personal income, 70 percent of the $5.00 spent in 1994.
What’s left out today?
- Per-pupil state funding for K-12 education, including the School Facilities Board, is 25% less today than it was in 2008 when adjusted for inflation. (Joint Legislative Budget Committee Staff).
- Over 33,000 eligible children have been denied state child care assistance since February 2009.
- $280 million in statutory funding formulas have been suspended for the current fiscal year.