revenue Archives

Casino revenues grow faster than national rate


Indian gaming revenue in Arizona grew by 3 percent in 2012, even though no new facilities came online and the number of games in the state actually declined that year. The numbers were included in a recent report by Casino City Press, which said revenue at Arizona’s 22 tribal casinos grew by about $50 million,… Read More →

Restaurants serve super-sized economic impact


Think about the celebration that occurred after Arizona was awarded  the 2015 Super Bowl. Much of that excitement came because of the economic impact the Super Bowl will have on the state. But the restaurant industry in Arizona generates revenue equivalent to hosting two Super Bowls a month. “Restaurants are critical to Arizona’s visitor industry… Read More →

Arizona could get revenue boost from ‘fiscal cliff’

Proactive Investing vs. Reactive Investing

Legislative budget analysts say the federal budgetary “fiscal cliff” may have a bright side for the Arizona state treasury, at least in the short term. The joint Legislative Budget Committee staff says it appears that investors and companies are taking steps to respond to the possibility of higher federal income tax rates in January. Those… Read More →

Retail: It’s a New Reality

by in Featured | Small Biz

As municipalities all across Arizona have seen their general funds strongly impacted over the last several years due in part to significant drops in sales tax revenue, the importance of a vibrant/strong retail sector has once again taken on a prominent role. With Arizona cities in some instances relying on retail sales taxes for up… Read More →

Arizona’s state revenue up 2.6% in October

by in Business News | Economy

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… Read More →