Arizona Business Daily reports News


Mesa has liabilities equaling $5,300 per taxpayer

Among the 75 most populous cities in the U.S., Mesa ranks 42nd for the state of its finances, having $5,300 in liabilities per taxpayer, according to a Truth in Accounting (TIA) analysis of municipal data released last month.

Arizona 4th-graders score two points below the national average on math

Fourth-graders in Arizona on average scored 238 on a standardized math test administered last year, which is two points below the 2019 national average calculated by the National Assessment of Educational Progress (NAEP).

Cost of a childless divorce in Arizona is $13,000

The average cost of divorce in Arizona with no children involved is $13,000, the 22nd highest amount among the 50 states, according to an analysis published by the website 24/7 Wall St.

Inbound cigarette smuggling rate in Arizona estimated at 39.3%

The inflow of smuggled cigarettes in Arizona is 39.3 percent, according to a new study from the Tax Foundation that examines the relationship between cigarette taxes and smuggling.

Arizona State sports programs took in $122.3 million in 2018

Arizona State University-Tempe grossed $122.3 million in 2018, making it the 26th-highest-grossing college athletics program in the United States that year, according to an Arizona Business Daily analysis of the latest federal data.

Arizona ranks 10th best in new economic outlook analysis

Arizona finished 10th in a study by the website Rich States, Poor States that examined the 50 states’ economic outlooks based on 15 weighted policy measures.

Arizona ranks 22nd best on corporate tax study

Arizona finished 22nd in a study by the Tax Foundation examining how well states have structured their corporate income tax systems in 2020.

Arizona among the 36 states with major tax changes in 2020

Arizona was included in a new analysis from the Tax Foundation identifying 36 states that have major changes to their tax codes taking effect this year.

Arizona job growth this year projected at 1.7%

Job growth in Arizona is expected to reach 1.7 percent by the end of 2020, down from the state's 2019 job growth of 2.5 percent, according to a new study by Kiplinger that assessed state economic outlooks.

Arizona has adequate funds to weather moderate recession

Arizona would have adequate revenues to manage a moderate economic downturn without raising taxes or cutting services, according to a new analysis from Moody’s Analytics.

Arizona ranks 20th in annual tax climate ranking

Arizona finished 20th in a new study by the Tax Foundation showing which states are best at structuring their tax systems

College basketball coach is highest-paid public employee in Arizona

Sean Miller, head basketball coach at the University of Arizona, earned $2.7 million in 2018, making Miller the highest-paid public employee in Arizona last year, according to a ranking by the website GOBankingRates.

Funding for arts agencies in Arizona to reach $2.2 million in FY2020

Legislative appropriations forArizona arts agencies are projected to reach $2.2 million for fiscal year 2020, which equates to 31 cents per capita in the state, according to a report from the National Assembly of State Arts Agencies (NASAA).

Arizona State University chief executive received $1,148,457 in 2018 in total pay

Michael M. Crow, chief executive at the Arizona State University, earned $1,148,457 in total compensation last year, the 10th highest pay among executives at nearly 250 U.S. public universities and systems ranked in a Chronicle of Higher Education study.

Arizona levies a total tax on lodging of 5.5%

Hotel room bills in Arizona tack on a total state lodging tax of 5.5 percent, the 34th highest lodging tax rate in the nation, according to a study by the National Conference of State Legislatures (NCSL).

4,938 borrowers in Arizona filed for student loan forgiveness in 2nd quarter

Borrowers in Arizona who sought forgiveness of their student loans in the second quarter of 2019 numbered 4,938, according to a new state-by-state analysis by the U.S. Department of Education.

$259.1 million in federal research dollars flowed to Arizona in FY 2018

Federal agency research dollars going to Arizona totaled $259.1 million in fiscal year 2018, according to a new analysis by the Research!America alliance.

4-year colleges in Arizona now charge $11,921 in tuition and fees

Arizona four-year public universities now charge students annual in-state tuition and fees averaging $11,921, the 13th highest amount among the 50 states and the District of Columbia, the College Board said in a new report.

Arizona received $5.8 million in public broadcasting funds last year

The Corporation for Public Broadcasting allocated $5,813,190 in fiscal-year 2018 to support public television and radio in Arizona, the 24th highest amount among the 50 states and the District of Columbia, CPB reported.

Arizona 2-year college students pay $2,580 in tuition and fees

Arizona two-year colleges charged students $2,580 in tuition and fees during the 2018-19 academic year, the fourth lowest cost among 49 states examined, the College Board said in a new report.