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Arizona’s state revenue up 2.6% in October

Revenue for state government is up amid what legislative budget analysts call a sluggish, slow-growth economy.

October’s revenue increased by 2.6 percent over the same month a year earlier, with the increase largely propelled by 5 percent growth of individual income taxes.

Sales tax collections rose by just under 1 percent in October. Collections from retail sales were up but collections on contracting were down for the second straight month.

Revenue figures were reported by the staff of the Joint Legislative Budget Committee.

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Over the past two-and-a-half decades, Arizona Business Magazine has grown to encompass not just Arizona Business Magazine, but also a whole host of other publications and signature events. Arizona Business Magazine is the state’s leading monthly business publication. Published by AZ Big Media, the magazine covers a wide-range of topics focusing on the Arizona business scene, and is aimed at high-level corporate executives and business owners.