Report: Gov's sales tax plan may hit general fund - Fox 2 News Headlines

Report: Gov's sales tax plan may hit general fund

Posted: Updated:
Gov. Jan Brewer Gov. Jan Brewer

Associated Press

PHOENIX (AP) - A study by the Arizona Legislature's independent financial analysts shows Gov. Jan Brewer's proposed overhaul of the state's sales tax collection system could cost the general fund nearly $140 million a year. A second new study by an outside group puts the number at $125 million.

Both studies raise questions about whether the state can risk the overhaul as currently proposed. The lawmaker carrying the bill in the House of Representatives said Thursday the questions raised by the Joint Legislative Budget Committee review may force revisions. Possibilities include a phase-in of the overhaul or "circuit-breaker" language that would kick in if revenues dropped precipitously.

The new reports come as lawmakers and Brewer's representatives continue to negotiate with cities and towns concerned that the plan will hurt municipal revenues.

Related story:

Copyright 2013 The Associated Press modified.

Powered by WorldNow

WJBK-TV | Fox 2
16550 West Nine Mile Rd.
Southfield, MI 48075

Main Station: (248) 557-2000
Newsroom: (248) 552-5103

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices