A steep budget deficit caused by plummeting tax revenues and escalating school voucher costs will be in focus Monday as Democratic Gov. Katie Hobbs and the Republican-controlled Arizona Legislature return for a new session at the state Capitol.
The Legislative new year officially begins in the afternoon with the governor’s annual State of the State address The goal is to wrap up the legislative session within 100 days, but lawmakers typically go until May or June, especially when there are difficult problems to negotiate like a budget shortfall.
The state had a budget surplus of $1.8 billion a year ago. But it now has a shortfall of about $400 million for the current fiscal year and another $450 million shortfall the year after.
A tax cut approved by legislators in 2021 and signed into law by Hobbs’ Republican predecessor, Gov. Doug Ducey, replaced the state’s graduated income tax with a flat tax that took full effect last year. Arizona subsequently saw a decrease of over $830 million in revenues from income taxes, marking a nearly 30% decline from July through November.
Yup, stupid Republicans continue to do the same stupid thing in the hopes that the same stupid thing will garner different results and then Democrats have to fix their stupid mistakes, Republicans will go into propaganda mode and bash Democrats for attempting to fix their mistakes going this is fine as the state burns around them, the electorate will buy into their propaganda because, well Americans are honestly overall stupid with no critical thinking skills because of Republican’s successful assault on education, see vouchers, and elect Republicans back into office where they’ll fuck up all of things that Democrats did to partially fix the Republican’s dumbass repeat of history and move things even further into regressive territory.