If Arizona keeps spending a lot of taxpayers' money, it will face financial problems, according to an economist.
On Saturday, Gov. Katie Hobbs signed Arizona’s new $18.29 billion budget for Fiscal Year 2027, which includes approximately $1.45 billion in tax relief for Arizonans over the next four years.
“I’m thrilled to sign the bipartisan Arizona First budget into law,” Hobbs said.
“Starting on July 1, Arizonans will have no taxes on tips and overtime, a higher standard deduction, a deduction for seniors, and next year, an expanded child tax credit,” the Democratic governor added.
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