1 in 4 Arizona children live in poverty.

Slides:

Advertisements

Similar presentations

FISCAL ACCOUNTABILITY OF STATE GOVERNMENT Presentation Prepared for the Appropriations Committee and the Finance, Revenue, and Bonding Committee by the.

Advertisements

January 2010 Chuck Essigs – Arizona Association of School Business Officials Changes to the Classroom Site Fund (Prop 301) Budget Impact for FY 2011.

UCLA Budget Outlook FY Presentation by Steven A. Olsen Vice Chancellor, Finance and Budget November 18, 2003.

Louisiana at the Crossroads: Responsible Responses to Louisiana’s Financial Crisis 1.

Missouri Budget Update May 2012 Missouri Division of Budget and Planning.

Budget & Economic Forecast NOVEMBER 2013 MINNESOTA MANAGEMENT & BUDGET MMB.STATE.MN.US December 5, 2013.

SENATE BUDGET AND EVALUATION OFFICE Overview of the Georgia State Revenues and Budget Slides are up to date as of 4/29/10. Please note that numbers are.

TABOR Rebates: Just the Facts. What are TABOR Rebates? When state revenues (Fiscal Year Spending) exceed a voter approved cap (rate of change in CPI plus.

December 2009Office of Governor Janice K. Brewer1 Arizona Budget Status FY 2010 and 2011.

Stretching the State’s Budget Presentation for the Colorado School Finance Partnership December 13, 2011 Presented by: Todd Saliman Fiscal Planning Project.

Building a Stronger North Carolina: A Legislative Briefing and Call to Action 2014.

Building a Stronger North Carolina: A Legislative Briefing and Call to Action 2014.

Michigan Association of Counties Traverse City, September 19 th, 2011.

FY 2008 – 2009 Mid-Year Budget Update Joint Finance Committee & City Council Meeting Presented by Michael J. Beck, City Manager November 11, 2008.

Faculty Leadership Conference Revenue Forecast Report and Budget Update Bernard M. Hannon Senior Assoc Commissioner & CFOApril 23, 2010.

Education Funding Overview Budget Overview | GPEE Media Symposium Claire Suggs, Senior Education Policy Analyst.

Missouri Budget Update FANG Meeting June 21, 2012.

Looking Forward Colorado’s fiscal prospects after Ref C Preliminary findings August 2007.

0 FY12 State Budget Discussion Policy and Fiscal Committee November 1, 2010.

1 A State Budget Hoosiers Can Afford Governor Mitch Daniels.

JASON SCHROCK ECONOMIST COLORADO LEGISLATIVE COUNCIL DECEMBER 7, The Economy and the State Budget: Tough Times.

State Fiscal Outlook: Minnesota and the Nation ONE MINNESOTA January 25, 2012 Scott Pattison Executive Director National Association of State Budget Officers.

Background Key Influencing factors Budget Strategy Key issues facing Middlesbrough Central Government Funding Budget (Assumptions) Budget (Projections)

School Finance 101 Presented by Thomas E. White Michigan School Business Officials October 2004.

Education Funding in Oklahoma Are our children a priority ? Updated December 12, 2012 Megan Benn Oklahoma Policy Institute

0 FY12 State Budget Discussion Policy and Fiscal Committee September 2010.

Financial Challenges in FY 2014 All Information Provided by House Fiscal Staff and/or OK SDE.

Initiative 601: Experience and Context Presentation to the House Finance Committee by the Office of Financial Management Victor Moore, Director Irv Lefberg,

Budget Planning Update New Hanover County Schools Board Work Session December 16, 2014.

SHARON WARD PENNSYLVANIA BUDGET AND POLICY CENTER EPLC 2008 EDUCATION FINANCE CONFERENCE NOVEMBER 20, 2008 The Coming Storm: Education Funding in a Weakened.

DPS Budget Presentation John Arnold-Director Governor’s Office of Strategic Planning and Budgeting December 15, 2010.

The Federal Funding Outlook: A Colorado State Budget Perspective Presentation to the Colorado Counties Inc. Summer Conference Amanda Bickel Chief Legislative.

January Cal Poly Budget Presentation UPBAC January 2009.

Michigan League for Human Services 1115 South Pennsylvania Avenue, Suite 202, Lansing, MI (517) Fax: (517) Web site:

State Fiscal Outlook New England Board of Higher Education Boston, MA December 5, 2008 Brian Sigritz Staff Associate National Association of State Budget.

LAO Propositions 30 and 38 Legislative Analyst’s Office Presented to: Alameda County Office of Education September 12, 2012.

Citizens Research Council of Michigan 1 November 3, 2004 Standard Federal Bank Troy, Michigan Sponsored by Standard Federal Bank; Varnum, Riddering, Schmidt.

UBC report to Faculty Senate January 25, 2011 Sources of information: ECU annual financial reports:

 State budget $3 billion dollar deficit  30% shortfall for upcoming year  Temporary sales tax results in approximately $1 billion saved  Cuts.

State of the States Brian Sigritz Director of State Fiscal Studies NASBO NASACT Middle Management April 12, 2016.

The Minnesota State Colleges and Universities system is an Equal Opportunity employer and educator. Presented to the Board of Trustees March 2007 FY

Thornton Township High School District 205 Presentation of Final Budget Preparing Today for the Challenges of Tomorrow September

11 The State Budget Update FY 2011 and FY 2012 AASBO September 8, 2010.

4th Annual Budget Breakfast, 23 February 2017 presented by

Presentation for Connecticut Alliance for Basic Human Needs 11/18/2016

Introductions A little bit about my background: Michigan Native

Octorara Area School District

4th Annual Budget Breakfast, 23 February 2017 presented by

A SHARED OPPORTUNITY AGENDA

Revenue and Budget Update Greater Phoenix Chamber of Commerce

KASB Legislative Update Kansas Association of School Business Officials Mark Tallman November 3, 2017.

Legislative Update June 25, 2013.

Medicaid for children, parents, and pregnant women

Education Budget Outlook

National Economic Climate

Spring-Ford Area School District 2012/2013 Proposed Preliminary Budget

BUDGET WORKSHOP February 15, 2017.

LEGISLATIVE REVENUE PACKAGE ‘FLASH CARD’ FACTS

LEGISLATIVE REVENUE PACKAGE ‘FLASH CARD’ FACTS

2018 Composition of Arizona Legislature

Preliminary 2015–17 Operating Budget Outlook

2019 Legislative Session To Do List

STATE FISCAL OUTLOOK CSG-ERC August 15, 2017 Brian Sigritz

Mechanicsburg Area School District

Budget and Economic Forecast

Brief Overview of how Arizona taxes and tax giveaways

PUBLIC SCHOOL FINANCE UPDATE November, 2011

Louisiana at the Crossroads

Where we’ve been and where we are now

Presentation transcript:

1 in 4 Arizona children live in poverty. Arizona wages below national average. 27% of Arizona Latino population live in poverty.

Arizona has cut taxes or added exemptions or credits every year since 1990. Tax cuts enacted since 1990 will cost the state’s general fund more than $4.4 billion in annual revenues when adjusted for inflation.

CORPORATE INCOME TAX REVENUE IS DECLINING 2017 Collections Are Lowest Since 1993 Primary reasons are corporate income tax rate reduction and 100% single sales factor FY 2017 was projected to have revenue of $420 million; ended up being $368 million *Projections Source: Joint Legislative Budget Committee staff, Historical General Fund Revenue Collections and Revenue and Budget Update, November 2017

Funding for all state agencies is below 2008 levels with the exception of Department of Child Safety and Department of Corrections

ARIZONA’S INVESTMENT IN CHILD CARE SUBSIDIES HAS FALLEN

Estimated Caseloads Based on Appropriations FUNDING CUTS MEAN FEWER CHILDREN ARE ABLE TO RECEIVE CHILD CARE SUBSIDIES Estimated Caseloads Based on Appropriations

Tuition* Has Increased While State Funding Has Fallen 2007-2008 to 2017-2018 (adjusted for inflation)

INCARCERATION RATES (Per 100,000 People) https://www.prisonpolicy.org/global/2016.html

Figures have been adjusted for inflation and student growth *Figures have been adjusted for inflation and student growth. “Other” includes early education, 9th grade Joint Technical Education Districts, pay and operations.

2017 Alliance Bank CEO Survey Education! Education! Education! #1 Business challenge: Education system & workforce #1 Issue State Government Should Address: K-12 Education #1 Issue Local Government Should Address: K-12 Education #1 Action State Government Could do to Improve Business Climate: Increase K-12 Funding

Which approach do Arizonans prefer for balancing the budget? State Innovation Exchange Statewide Poll, December 17-28, 2017 Raise revenue 67% Cut spending 24%

Contact information David Lujan – 602-266-0707 ext 203 Dlujan@AZEconCenter.org Social Media Twitter @AZEconCenter Facebook https://www.facebook.com/AZEconCenter/ Website: www.azeconcenter.org