No government has ever spent its way to prosperity. Our proposals help governments be fiscally responsible so citizens can be prosperous.
The Goldwater Institute's Le Templar went live on KTVK Channel 3 to talk about how the state is spending taxpayer money at a record pace, despite a huge budget deficit.
The Goldwater Institute's Byron Schlomach appeared on KTVK Channel 3 to talk using highway funds for the protection of endangered squirrels.
PHOENIX - Arizona is still spending at near-record levels despite a $2.7 billion dollar budget deficit and an 18 percent state sales tax increase to help fix it.
PHOENIX – Arizona state government has become a victim of the boom-and-bust economic cycle. Policymakers ramp up state spending when tax revenues are rising, then they must rush to cut back programs when the economy contracts and tax revenues fall. Voters expected to stop such yo-yo spending when they amended the Arizona Constitution 30 years ago by capping the annual amount of money the state can spend.
As recently as 2006, state revenue was climbing nearly 17 percent per year and few imagined that Arizona could be facing today’s financial crisis. Flush with cash, the state had three consecutive years of double-digit spending growth.
The state’s fiscal fortunes changed quickly. December 2009 was the 17th month in a row of double-digit tax revenue declines, consuming the state’s savings and putting Arizona $1 billion in debt just to maintain day-to-day operations.
Tax Day is here, and even after everyone has finished paying Uncle Sam, the people of Arizona will be asked to pay even more.
by Roman Goerss and Diane E. Brown
The Arizona Senate soon will decide the fate of a long-overdue proposal to make the budgets of counties, cities, towns and public schools available on the Internet. But without public support, this groundbreaking measure, House Bill 2282, may never see a final vote.
The Goldwater Institute's Byron Schlomach was live on Channel 3 to talk about a new Goldwater policy report that shows the state's pension fund is underfunded by $50 billion dollars--not $10 billion like the state claims.
Goldwater president Darcy Olsen went on the John C. Scott Show to discuss a variety of topics affecting Arizona, including the state budget, the proposed sales tax increase, and the Health Care Freedom Act.
The Goldwater Institute's Byron Schlomach talked with CBS 5 News about an MCSO bank account and why more transparency in government is needed.