JLBC - Monthly Fiscal Highlights

1716 W. Adams
Phoenix, AZ 85007
Phone:
(602) 926-5491
Fax:
(602) 926-5416

This Month
Total November General Fund revenue
collections were $570.3 million, or (6.4)% below
November of last year. This amount was
$(83.5) million below the forecast based on the
enacted state budget.
For the first 5 months of FY 2008, General Fund
collections are down (0.6)% when compared
to last year, and are $(310.1) million less than
forecast. When factoring in Urban Revenue
Sharing, year-to-date collections are (2.2)%
below last year. (See page 14 for detail
information).

www.azleg.gov/jlbc.htm

Each of the three major revenue categories
was below the forecast in November:
• Sales tax collections increased by only 0.2%
compared to November 2006, and were
$(31.4) million short of the monthly forecast.

“For the first
5 months of
FY 2008, General

December 2007

• Individual income tax collections were
down (5.6)%, which was $(34.3) million
below forecast.
• Corporate income tax collections were
(125)% below last year, and $(10.1) million
below the forecast.

Finance Advisory Committee (FAC) – The FAC
met on December 10th (page 6). The FAC is a
panel of 16 leading economists that advises
the Legislature 3 times a year on the state’s
economy. Based on the FAC’s input and 3
other models, the largest General Fund
revenue categories are forecasted to grow
by 1.5% in FY 2008 and 1.0% in FY 2009, prior to
tax law adjustments.
The FAC panel members’ economic outlook
for the next year is not favorable. As was the
case when the FAC last met in September,
the primary concern continues to be the real
estate market, including the oversupply of
housing, and the high level of loan defaults,
mainly associated with the subprime
mortgage market. Members expect
economic growth to bottom out in FY 2008 or
FY 2009, followed by a gradual recovery.
At the consensus revenue levels, the projected
budget shortfall would be $(970) million in FY
2008 and $(1.7) billion in FY 2009.

Fund collections
are down (0.6)%
when compared
to last year, and
are $(310.1)
million less than
forecast”.

This report has been
prepared for the Arizona
Legislature by the Joint
Legislative Budget
Committee Staff on
December 31, 2007.

Table of Contents
November Revenues..............................................2
Recent Economic Indicators ................................3
Finance Advisory Committee Meeting ...............6
JCCR Meeting Summary
• ADOA – Prison Bed, Water and Forensic Unit
Projects..................................................................7
• ADOA/Legislative Council - Land Purchase ..7
• SPB – SLIF and SPEF Projects...............................7
• ASU – Memorial Union Fire Renovations..........7
• ASU – Indoor Basketball Practice Facility........7
• UA – Cooling Tower.............................................7
Summary of Recent Agency Reports
• ADOA – Alternative & Clean Burning Fuels ....8
• ADOA – Capitol Police Transfer to DPS ...........8
• Comm. Coll. – Workforce Development ........8
• ACJC – Report on Criminal Justice
Enhancement Fund............................................8

• ACJC – Report on Methamphetamine
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•
•
•
•

Interdiction Efforts .................................................. 9
DES – Domestic Violence Funding Report...... 9
ADE – K-12 Excess Utilities................................... 9
ADE – Increase in Grad Requirements ............. 9
ADE – Achievement Grant Program .............10
DHS – Arnold v. Sarn .........................................10
DHS – Expenditures from Health Crisis Fund..10
Indian Affairs – Indian Town Hall Fund...........11
Judiciary – Report on Probation Services .....11
Mine Inspector – Abandoned Mines Safety
Fund.....................................................................11
Radiation Regulatory – Fee Increases...........11
SFB – Funding Estimates ...................................12
ADOT – MVD Quarterly Report .......................12
ABOR/Comm. Coll. – Report on Articulation
and Transfer for Postsecondary Education ..12
ABOR – Loan Forgiveness Program...............12
ABOR – Student Retention Report ................13

2

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

This Month

(continued)

JLBC/JCCR Meetings - The Monthly Fiscal
Highlights include a summary of the December
JCCR meeting (page 7). There was no JLBC
meeting in December. The JCCR reviewed
items including State Lake Improvement Fund
(SLIF) grants and projects and a request for $1
million State Parks Enhancement Fund (SPEF)
monies. The JCCR favorably reviewed the SLIF
proposal for $7.1 million and approved the SPEF
request for 2 State Parks capital projects.
The JCCR also gave a favorable review to the
Arizona Department of Administration (ADOA) to
issue $239 million worth of Certificates of
Participation for 4,000 prison beds, prison water
and wastewater projects, and a new forensic
unit at the Arizona State Hospital. These projects
were authorized by the Legislature in the last
session.
Recent Reports – The Highlights also include a
summary of recent statutory reports submitted to
the JLBC (pages 8-13). Among the submitted
items:

“In the first 5
months of
FY 2008, sales tax
revenues are flat
compared to last
year.”

income tax
collections are
(1.2)% below last
year.”

•

•

The Department of Education reported that
it estimates a net FY 2008 General Fund
surplus of $61.1 million. Most of that amount,
$48.6 million, is for lower-than-budgeted FY
2007 enrollment growth (which affects FY
2008 formula funding).
AHCCCS reported in its semi-annual report
that total statewide Healthcare Group
enrollment has declined by 930 people to
25,984 people as of October 13, 2007.
AHCCCS also reported it made other
changes to the program including
increased premiums, copayments, and
deductibles.
The Department of Health Services (DHS)
submitted a quarterly report to the
Committee on the department’s progress
toward settling the Arnold v. Sarn lawsuit.
DHS believes they have met 20 of 23 of
their obligations to the court due by June
2007. The report does not indicate their
planned timetable for the other 3
requirements.

November Revenues
Sales Tax collections were $366.1 million in
November. This amount was 0.2% above last
year, and $(31.4) million below forecast. In
the first 5 months of FY 2008, sales tax
revenues are flat compared to last year.
Table 1 displays the November and year-todate growth rates for the major sales tax
categories.
Table 1

“Year to date,

•

Sales Tax Growth Rates

Retail
Contracting
Utilities
Use
Restaurant & Bar

November Year-to-Date
1.0%
(1.2)%
(4.9)%
(5.1)%
11.0%
6.9%
9.3%
8.4%
(8.9)%
1.6%

Retail and contracting collections together
account for two-thirds of all sales tax
revenues. While the retail category was up
slightly in November, year-to-date it remains
(1.2)% below last year. Contracting continues
to be negative, and is (5.1)% below the first 5
months of last fiscal year.
Individual Income Tax collections were $235.5

million, or (5.6)% below last year. Year-todate, income tax collections are (1.2)% below
last year. November collections were $(34.3)
million less than forecast. Table 2 displays
individual category growth rates.
Table 2

Individual Income Tax Growth Rates
November Year-to-Date
Withholding
3.1%
5.7%
Estimated +
(43.9)%
(5.3)%
Final Payments
Refunds
19.5%
61.0%
November withholding was 3.1% above last
year. After some volatility in the first 2 months
of the fiscal year, year-to-date withholding
collections have leveled off at slightly below
6% growth.
Estimated and final payments decreased to
approximately half of last years’ amount.
Payments for the month were under $18
million, which is a decrease of (43.9)%. Yearto-date, payments are (5.3)% below the first 5
months of last fiscal year. While payments are
running below last year’s level, it is difficult to

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

November Revenues

3

(continued)

determine if this is a trend, as approximately
80% of payments are made during the January
– April tax season.
Refunds of almost $(50) million were up 19.5%
over refunds made in November 2006. After 5
months, refunds are 61.0% over the first 5
months of last fiscal year. This level of refunds
may be partially a timing issue, as December
refunds are significantly below last year.

Corporate Income Tax collections were 125%
below November of last year, and $(10.1)
million below the forecast for the month.
November is not a large collection month for
corporate, however the decrease brings the
category to $(38.0) million below forecast for
the first 5 months of the fiscal year.

Table 3

General Fund Revenues
Compared to Enacted Forecast and FY 2007 Collections
($ in Millions)
FY 2008
Difference From
Difference
Collections
Forecast 1/
From FY 2007
November
$ 570.3
$ (83.5)
$ (38.9)
Year-to-Date
$ 3,554.9
$ (310.1)
$ (80.6)
____________
1/ Enacted FY 2008 budget (June 2007).

Recent Economic Indicators
NATIONAL
According to the Bureau of Economic Analysis’
final 2007 3rd quarter estimate of U.S. Real Gross
Domestic Product (GDP), the economy
expanded at an annualized rate of 4.9%.
Significant increases in personal consumption
(consumer spending) and exports outweighed
negative contributions from residential
investment and imports.
U.S. semiconductor billings increased 1.6% in
October (3-month moving average) to $3.87
billion. Year over year chip sales were down
(3.0)%. While the number of units sold in key
sectors of the semiconductor industry has
increased rapidly in the past year, sales growth
remains modest. The Semiconductor Industry
Association (SIA) attributes this to rapid price
declines in these sectors due to the introduction
of new semiconductor technologies that have
driven down production costs.
The U.S. Consumer Price Index (CPI) (3-month
moving average) increased by 0.4% in
November. The year over year increase was
3.5%. All sub-indices of the CPI increased

slightly in November, with the exception of the
transportation and energy indices, which
increased by 2.9% and 5.7%, respectively.
Excluding the impact of food and energy
prices, the core CPI increased 0.3% in
November and was 2.3% higher than a year
ago.
ARIZONA

“November total
statewide nonfarm
employment
increased, year

November total statewide non-farm
employment increased, year over year, by
0.5%. By comparison, the November yearover-year average growth rate in the prior 10
years was 3.3%. Arizona’s unemployment rate
increased from 3.5% in October to 4.1% in
November. The unemployment rate is at the
same level as 1 year ago and below the
national unemployment rate of 4.7%.

over year, by

Construction employment decreased by
(8.2)% compared to November 2006 as the
slowdown in the residential market continued.
The average year-over-year growth rate for
November in the past 10 years was 6.4%.

average growth

Economic uncertainty, turmoil in the

3.3%.”

0.5%. By
comparison, the
November yearover-year

rate in the prior
10 years was

4

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

Recent Economic Indicators
mortgage markets, and a traditionally slow
period continue to drive the Greater Phoenix
real estate market lower. Based on data
released by the Real Estate Center at Arizona
State University, the number of existing singlefamily homes sold plummeted (9.1)% from
October levels and (34.9)% from November
2006 levels, to 3,280 homes. Following suit, the
single-family median resale home price
continued to decline in November, reaching
$240,000, or (7.3)% below the sales price last
November. Despite resale home price
decreases in the single-family segment, the
townhouse-condominium median price
increased 4.8% on a year-over-year basis to
$180,200.
Statewide, the number of single-family
residential building permits (3-month moving
average) fell by (35.3)% on a year-over year
basis, to 2,286 - reaching levels not seen since
1993. The comparable number of multi-family
building permits authorized slightly increased
to 789 in November, resulting in a year-overyear increase of 48.6%. Permitting activity in
the multi-family segment continues to have
significant volatility.
The Arizona Business Conditions Index (BCI)
signified some improvement in the economy,
as it increased by 11.6% to 53.8 in November
after dipping below 50 in October. A
reading of over 50 corresponds to local
economic growth, while a reading below 50
suggests a slowdown in the overall level of
economic activity in the near term. This index
has displayed significant volatility recently.
The recovery of the index in the month of
November was primarily attributable to an
increase in new orders, production, and
prices.
The BEA reported that Arizona personal
income reached an annualized total of
$210.9 billion in the 3rd quarter of 2007.
Compared to last year, personal income is up
5.9%.
In December, the AHCCCS caseload totaled
1,079,917 members. This represents a decrease
of (1,638), or (0.2)% below November 2007
caseload levels. Year-over-year, December
caseload increased by 5.2%, or 53,367
members.
The number of TANF recipients increased to
84,524 in October, which is 1.0% above
September and (2.4)% below the level

(continued)

reported in October 2006. This amount is just
slightly under the state budget projection of
84,700 recipients in FY 2008.
The Department of Corrections’ inmate
population increased by an average of 45
inmates per month from September through
November. The total population grew by
2,015 inmates from a year ago. The budget
for FY 2008 anticipates inmate population
growth of 1,920, or a net increase of 160
inmates per month.

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

Recent Economic Indicators

(Continued)

Table 5

RECENT ECONOMIC INDICATORS
Indicator
Arizona
- Unemployment Rate
- Non-Farm Employment – Total
Manufacturing
Construction
- Contracting Tax Receipts (3-month average)
- Retail Sales Tax Receipts (3-month average)
- Residential Building Permits (3-month moving average)
Single-unit
Multi-unit
- Greater Phoenix Existing Home Sales
Single-Family
Townhouse/Condominium
- Greater Phoenix Median Home Sales Price
Single-Family
Townhouse/Condominium
- Phoenix Sky Harbor Air Passengers
- Arizona Average Natural Gas Price
($ per thousand cubic feet)
- Leading Indicators Index
- Business Conditions Index
(>50 signifies expansion)
- Consumer Confidence Index
- Business Leaders Confidence Index
- Arizona Personal Income
- Arizona Population
- AHCCCS Recipients
- TANF Recipients
- DOC Inmate Growth (3-month average)
United States
- Real Gross Domestic Product
(seasonally adjusted annual growth rate)
- Consumer Confidence Index
- Leading Indicators Index
- U.S. Semiconductor Billings (3-month moving average)
- Consumer Price Index (3-month moving average)

Change From
Prior Period

Change From
Prior Year

Time Period

Current Value

November
November
November
November
Sep-Nov
Sep-Nov

4.1%
2.75 million
186,000
232,700
$76.5 million
$156.2 million

17.1%
0.5%
(0.1)%
(1.3)%
(0.7)%
(0.0)%

0.0%
1.5%
(0.1)%
(8.2)%
(7.8)%
(1.7)%

Aug-Oct
Aug-Oct

2,286
789

(17.3)%
(0.3)%

(35.3)%
48.6%

November
November

3,280
670

(9.1)%
(5.6)%

(34.9)%
(27.2)%

November
November
October
September

$240,000
$180,200
3.5 million
$6.96

(0.8)%
6.0%
7.2%
(2.1)%

(7.3)%
4.8%
4.0%
2.8%

September
November

120.4
53.8

(0.9)%
11.6%

0.8%
(16.1)%

3rd Quarter 2007
4th Quarter 2007
3rd Quarter 2007
July 1, 2006
December
October
Sep-Nov

101.9
42.5
$210.9 billion
6.17 million
1,079,917
84,524
37,629

3rd Quarter 2007

$11.7 trillion

4.9%

2.7%

December
November
Aug-Oct
Sep-Nov

88.6
136.3
$3.87 billion
209.2

1.5%
(0.4)%
1.6%
0.4%

(19.5)%
(1.9)%
(3.0)%
3.5%

(4.1)%
(15.8)%
1.4%
3.6%
(0.2)%
1.0%
45 inmates

(0.8)%
(11.6)%
5.9%
3.6%
5.2%
(2.4)%
2,015 inmates

5

6

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

FAC Meeting
At it’s December 10, 2007 meeting, the Finance
Advisory Committee (FAC) heard presentations
on General Fund Revenue collections, the U.S.
economy, and implications of the slumping
housing market and the resultant credit crunch.
The FAC is a 16-member panel comprised of
leading economists in the state. The panel
meets 3 times a year and advises the
Legislature on the state economy.
JLBC staff provided members with the latest 4sector consensus estimates for “Big 3” revenue
collections. The 4-sector consensus estimate is
a composite of equally weighted estimates
from:
• The University of Arizona Economic and
Business Research (EBR) General Fund
baseline model;
• The EBR conservative forecast model;
• The FAC panel; and
• JLBC Staff.
Based on the 4-sector consensus, revenues are
projected to grow 1.5% in FY 2008, prior to any
tax law changes. This is down from the
September FAC meeting, at which time the 4sector consensus projected a FY 2008 growth
rate of 3.5%.

market, have resulted in higher lending
standards, which may exacerbate the housing
slump by limiting the pool of potential
borrowers.
The Committee expects economic growth to
bottom out sometime in FY 2008 or FY 2009,
but was divided on the exact timing of when
this would occur. With regard to the duration
of the slowdown, most members believe it will
last several years, and be followed by a
gradual recovery.

“Committee
members had an
unfavorable
outlook with
regard to
economic and
revenue growth
going forward.
Members cited
the downturn in
the real estate

The enacted FY 2008 budget was based on the
Executive projected growth rate of 6.0% (prior
to tax law changes). Since FY 2007 revenues
were less than expected, FY 2008 would instead
have to grow by 8.4% to generate the same
level of revenues included in the enacted
budget.

market, and the

In FY 2009, the 4-sector consensus predicts
growth will be 1.0%. The FAC panel projects a
higher rate of growth in FY 2009 compared to
FY 2008, while the University of Arizona models
were both predicting lower growth rates in FY
2009.

market, as the

Panel members also heard formal presentations
from Elliott Pollack and Jay Butler in addition to
comments from other panel members.
Committee members had an unfavorable
outlook with regard to economic and revenue
growth going forward. Members cited the
downturn in the real estate market, and the
resulting excess supply of housing currently on
the market, as the primary reason for concern.
In addition, Committee members stated that
high levels of loan defaults and delinquencies,
mainly associated with the subprime mortgage

resulting excess
supply of housing
currently on the

primary reason
for concern.”

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

JCCR Meeting
At its December 18, 2007 meeting, the Joint
Committee on Capital Review considered the
following issues:
Arizona Department of Administration – Prison
Bed, Prison Water, and Arizona State Forensic
Unit Projects – The Committee gave a
favorable review and approval for the
Arizona Department of Administration (ADOA)
to issue $239 million worth of Certificates of
Participation for the 3 projects authorized by
Laws 2007, Chapters 257 and 261. These 3
projects are: 4,000 prison beds, prison water
and wastewater projects, and a new forensic
unit at the Arizona State Hospital. This
includes the provision that ADOA report back
to the Committee prior to the beginning of
construction on the estimated scope and
cost of the projects.
Arizona Department of
Administration/Legislative Council – Land
Purchase – The Committee gave a favorable
review and approval for the ADOA to
purchase 9,900 square feet of land adjacent
to the new Polly Rosenbaum State Archives
and History Building for $130,000. The amount
is less than the property’s appraisal and will
not require a new appropriation of monies.
Laws 2007, Chapter 44 authorized ADOA to
purchase this land with a prior appropriation
(Laws 2004, Chapter 194).
Arizona State Parks Board – SLIF and SPEF
Projects – The Committee gave a favorable
review to the proposal for 25 State Lake
Improvement Fund (SLIF) grants and projects
totaling $7,104,400 with the condition that the
favorable review does not constitute an
endorsement of General Fund support of
these projects in the future. The Committee
also approved the Parks Board request for $1
million in State Parks Enhancement Fund
(SPEF) monies for 2 State Parks capital
projects, as the project expenditures comply
with statute.
Arizona State University – Memorial Union Fire
Renovations – The Committee gave a
favorable review with the 3 standard
university bonding provisions to the $40 million
Memorial Union Fire Renovations bond
project. This project will repair, renovate, and
upgrade the 255,000 square foot Memorial
Union, which underwent extensive fire
damage on November 1, 2007. Arizona State

University (ASU) will finance this project with
a total new revenue bond issuance of $13
million, which will be repaid with tuition
collections and local funds, and $27 million
from insurance reimbursements.
Arizona State University – Indoor Basketball
Practice Facility – The Committee gave a
favorable review with the 3 standard
university bonding provisions to the $22
million indoor basketball practice facility
(Weatherup Center). The approximately
50,000 gross square foot Weatherup Center
facility will include basketball courts, offices,
meeting spaces, and locker room facilities.
For a fee of $2.5 million ASU has acquired an
existing facility, the Athletes’ Performance
Institute, in support of the Weatherup
Center. ASU will finance this project with a
total new revenue bond issuance of $19.8
million, which will be repaid with cash gifts
and $2.2 million from up-front cash gifts. The
Weatherup Center Construction will begin in
April 2008 and conclude in March 2009.
University of Arizona – Cooling Tower – The
Committee gave a favorable review with the
3 standard university bonding provisions to
$4.1 million to replace an aging cooling
tower on the main campus. Because the
replacement tower is more energy efficient
and would not require ongoing
maintenance, the University of Arizona (UA)
estimates that it will result in savings equal to
$578,700 annually. In total, the tower will cost
$7.1 million to replace. UA will finance the
remaining $3 million with operating funds.

7

8

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

Summary of Recent Agency Reports
Arizona Department of Administration
– Report on the Use of Alternative
Fuels and Clean Burning Fuels in the
State Motor Vehicle Fleet. – Pursuant
to A.R.S. § 41-803R, the Arizona
Department of Administration
reported on the FY 2007 year-end
inventory of state-owned alternative
fuel vehicles. Of the 12,390 state
vehicles, 5,400 or 43.6% are subject to
the alternative fuel vehicle requirements found in A.R.S. § 41-803. The
vehicles exempt from these
requirements fulfill 1 or more of the
following criteria: weigh over 8,500
pounds; are law enforcement
vehicles, motorcycles, ambulances,
fire suppression apparatus; or are allterrain (4x4) vehicles.
Of the 5,400 state vehicles subject to
the alternative fuel vehicle
requirements, 3,223 or 59.7% are
alternative fuel vehicles. This is an
increase of 2.5% from the prior year
and exceeds the 40% target
established by statute.
A.R.S. § 41-803K, which applies to
state fleets operating primarily in
counties with populations exceeding
1.2 million, requires 90% of the
vehicles to be capable of using
alternative fuels and clean burning
fuels. The state reports that of its
2,821 vehicles operating primarily
within Maricopa County, 2,210 or
78.3% are alternative fuel vehicles.
This is an increase of 3.4% from the
prior year but falls below the statutory
requirement of 90%.
Notwithstanding the quantity of
vehicles capable of using alternative
fuel, a relatively small percent of users
actually utilize a vehicle’s alternative
fuel capabilities. Of the $9,054,781
spent on fuel in the 6 largest state
agency fleets during FY 2007, only
$396,857 or 4.4% was for alternative
fuels.
Arizona Department of Administration/
Department of Public Safety – Report
on Capitol Police Transfer to DPS –
Pursuant to Laws 2007, Chapter 261,
the Department of Administration

(ADOA) and the Department of
Public Safety (DPS) are required to
jointly report to the JLBC on the
feasibility of transferring Capitol Police
personnel to the Department of
Public Safety.
The report provides 2 possible options
for this transfer. The first option
includes transferring Capitol Police to
DPS with a minimal impact to current
operations and procedures. This
change would involve only DPS
administration with no changes to
current Capitol Police mission, policy,
uniforms, vehicles or facilities.
According to the report, legal
challenges could occur if
discrepancies exist between salary
and benefits provided to DPS and the
Capitol Police, if DPS serves an
administrative function only. The
estimated cost associated with this
option is $331,900 in starting costs and
$351,900 annually for recruiting efforts
and changing from ADOA to PSPRS
retirement plans.
The second option includes
transferring Capitol Police to DPS with
full integration including classification
of these personnel as sworn officers.
Under this option, all Capitol Police
fleet, policies, uniforms, salaries and
training would conform to current DPS
protocol. The estimated cost
associated with this option is $3.9
million in starting costs for police cars
and maintenance (to conform to DPS
24-hour emergency response
availability), radios, police communication services, uniforms, vests, fuel,
ammunition and other supplies or
equipment, and changing to both
DPS salary schedules and the PSPRS
retirement plan. The ongoing cost is
$1.7 million for continued maintenance, replacement equipment, and
salary and benefits packages. In
either scenario, DPS administration
only or full integration, an additional
fiscal impact may occur with salaries
and other requirements due to DPS
renegotiation of current Capitol
Police contracts with 6 other state
agencies.

As a result of these challenges,
different agency missions, and fiscal
implications, ADOA and DPS
recommend that the Capitol Police
remain as a division under ADOA.
However, 2 areas of possible
improvement were identified if ADOA
continues to oversee the Capitol
Police: 1) providing a more
competitive salary to Capitol Police
to better recruit and retain its
workforce, and 2) upgrading police
equipment to more closely match
DPS standards.
Arizona Community Colleges –
Report on Workforce Development
Expenditures – The Arizona
Community Colleges are reporting on
their previous year’s workforce
development plan activities and
expenditures. A.R.S. § 15-1472
requires each community college
district to establish a workforce
development account. Monies in the
account are derived from Proposition
301 sales tax revenues and shall be
used for workforce development and
job training. Total revenues in FY 2007
were $17,971,700 and total
expenditures in the same year were
$15,690,600.
Arizona Criminal Justice Commission
– Report on Criminal Justice
Enhancement Fund – Pursuant to
A.R.S. § 41-2401C, the Arizona
Criminal Justice Commission (ACJC) is
required to provide an annual report
by December 1 on the receipt and
expenditures of Criminal Justice
Enhancement Fund (CJEF) monies
distributed to law enforcement
agencies. CJEF consists of a 47%
assessment on certain fines, penalties,
and forfeitures imposed and
collected by the courts. CJEF monies
are statutorily distributed to various
agencies for criminal justice related
activities. In FY 2007, CJEF revenues
totaled $46.1 million and the total
funds available (including the
beginning balance and adjustments)

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

Summary of Recent Agency Reports
for the fiscal year was $65.0 million.
Total CJEF expenditures were $43.9
million in FY 2007, leaving an ending
balance of $21.1 million. In FY 2007,
CJEF revenues grew by 8.7%,
expenditures increased by 10.1%, and
the overall ending balance increased
by 12.6%.
Arizona Criminal Justice Commission –
Report on Statewide Methamphetamine Interdiction Efforts –
Pursuant to Laws 2006, Chapter 337,
the Arizona Criminal Justice
Commission (ACJC) is required to
report quarterly on the use of $3
million appropriated in FY 2007 for
increased methamphetamine
interdiction efforts by the counties.
All monies have been allocated to
counties based on the formula in
Chapter 337, which appropriates
$50,000 to each county and
distributes the remaining monies
based on county population. ACJC
reported that as of September 30,
2007, $2.5 million has been spent by
the counties. Of this amount, 9
counties have spent a total of $2.0
million on the Arizona Meth Project, a
prevention program, modeled after
the Montana Meth Project, whose
goal is to reduce first-time methamphetamine use among Arizona youth.
Maricopa County has taken on the
role of project coordinator and has

finalized intergovernmental
agreements with other counties to
use Chapter 337 funding for the
project.
The remaining $503,400 was spent on
meth education programs, drug task
forces, prosecution costs, and
treatment programs. The remaining
unspent funds total $502,700 and are
unencumbered as of the end of the
first quarter of FY 2008.
Department of Economic Security –
Report on Available State and
Federal Domestic Violence Funding –
Pursuant to a General Appropriation
Act Footnote, the Department of
Economic Security (DES) is submitting
its annual report on available state
and federal domestic violence funds
and the fiscal agents receiving those
monies. There is a total of $23.2 million
currently used by 6 state entities for
domestic violence services, an
increase of $2.7 million (13%) from FY
2006. Table 1 summarizes the funding
sources and the agencies that used
domestic violence monies in FY 2006
and FY 2007. The primary recipient of
increased monies was DES.
Arizona Department of Education –
Report on K-12 Excess Utilities –
Pursuant to A.R.S. § 15-910.03, the
Arizona Department of Education
(ADE) recently submitted a report

(Continued)

on school district “excess utilities.”
That law requires all school districts to
submit to ADE by July 18 each year a
report on their actual utility expenditures since FY 2000 and on their
budgeted utility expenditures for the
current fiscal year. It also requires
school districts that budget for excess
utilities to include data on excess
utilities expenditures in their reports. In
addition, A.R.S. § 15-910.03 requires
the department to submit a summary
report on this information to the Joint
Legislative Budget Committee by
December 1 each year.
ADE recently submitted its FY 2007
report on this topic. It shows total
statewide school district utility costs of
$254 million for FY 2007, of which $73
million was funded through excess
utilities. These data are incomplete,
however, as 41 school districts did not
submit reports to ADE for FY 2007. A
total of 197 school districts submitted
reports, including 96 that budgeted
for excess utilities for FY 2007 and 101
that did not. The ADE excess utilities
report can be viewed in its entirety at
http://www.ade.az.gov/
schoolfinance/.
State Board of Education – Fiscal
Impact of Proposed Increase in
Graduation Requirements – The State
Board of Education (SBE) recently
submitted a report regarding

Table 1

Available Domestic Violence Funding in FY 2006 and FY 2007
Sources
General Fund
Federal Funds
Other
Total

FY 2006
$ 4,465,800
14,387,800
1,700,000
$20,553,600

FY 2007
$ 6,927,800
14,595,800
1,700,000
$23,223,600

Agency
Criminal Justice Commission
Department of Housing
Department of Economic Security
Department of Health Services
Department of Public Safety
Governor's Office of Children, Youth and Families
Total

FY 2006
603,800
1,532,500
10,892,900
1,665,300
3,106,200
2,752,900
$20,553,600

FY 2007
611,200
985,900
13,722,200
1,407,600
3,505,300
2,991,400
$23,223,600

$

9

$

10

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

Summary of Recent Agency Reports
increases in high school graduation
requirements that it is currently
proposing for mathematics, science
and social studies. The report was
submitted pursuant to A.R.S. § 15203(A)(13), which prohibits the SBE
from adopting any changes to state
graduation requirements that will
increase state K-12 capital costs. It
indicates that the SBE believes that
the proposed changes would not
affect K-12 capital costs.
Under the proposed changes,
students in the Class of 2012 would
need 3 credits of math and 3 credits
of social studies in order to graduate.
Starting with the Class of 2013,
students would need 4 credits of
math and 3 credits of science in
order to graduate. These changes
were approved by the SBE at its
December 12 meeting.
The SBE acknowledges in the report
that the School Facilities Board (SFB) is
required to adopt rules establishing
minimum adequacy guidelines for
equipment needed to teach science
courses, which might be expected to
increase under the proposal. It notes,
however, that current SFB rules
allocate science facilities and
equipment based on overall school
district enrollments, rather than on the
number of science credits that
students need for graduation. Only
the latter would change under the
SBE’s current proposal. The report
also notes, based on survey data that
it collected for this issue, that school
districts currently are able to meet
instructional requirements for science
without having laboratory classrooms
or equipment.
State Board of Education – Update on
Math or Science Achievement Grant
Program – The State Board of
Education (SBE) recently notified the
JLBC Staff that it will not be submitting
at this time a statutorily-required
report on the effectiveness of the
Math or Science Achievement Grant
Program, as the program is in its
inaugural year and first-year grants
have not yet been awarded. A.R.S. §

15-720.01(C) requires the SBE to submit
a report annually by December 15
that evaluates the effectiveness of the
program and compares the
academic achievement of students
participating in it to that of nonparticipants in comparable schools.
SBE staff indicate that they are
currently working to coordinate
distribution of first-year grant monies
with monies for similar initiatives.
The Math or Science Achievement
Grant program was established by
the K-12 Education Budget Reconciliation Bill (BRB) for FY 2008. Its
purpose is to promote improved pupil
programs achievement in math or
science by providing supplemental
funding for innovative programs
pursuant to A.R.S. § 15-720.01(A).
Department of Health Services –
Report on Arnold v. Sarn – Pursuant to
a footnote in the FY 2008 General
Appropriation Act, the Department of
Health Services (DHS) has submitted a
quarterly report to the Committee on
the department’s progress toward
settling the Arnold v. Sarn lawsuit.
On October 16, 2007, a status hearing
was held allowing parties involved in
the case and the Court Monitor to
comment on the transition of the
Maricopa County Regional
Behavioral Health Authority (RBHA)
from ValueOptions to Magellan that
occurred on September 1, 2007. DHS
reports that the Court Monitor and
the Plaintiffs agreed that the transition
went well.
In October 2007, the Office of the
Court Monitor began conducting its
annual Case Review. Although the
final report is not anticipated to be
released until February 2008, the
Court Monitor contacted DHS in the
beginning of November 2007 alerting
them to some pre-transition incidents
that occurred involving service
delivery disruption.
DHS’ quarterly report also provided
an update on the Good Shepherd
Properties. The Superior Court had

(Continued)

previously ruled that seriously mentally
ill (SMI) persons could not occupy
more than 25% of the units in the
Good Shepherd Properties. Over the
past quarter, DHS decided that units
in the Good Shepherd Properties not
occupied by SMI individuals would be
available for General Mental Health
and Substance Abuse populations.
Along with the report, DHS submitted
a matrix of obligations that DHS
needs to complete before exiting the
lawsuit. Of the 23 items that DHS was
to complete by June 2007, DHS states
they have completed 20 and are
waiting for the Plaintiffs to agree with
their assessment. DHS is regularly
meeting with the Plaintiffs on this
matter. The 3 items which DHS states
they have not completed relate to
the client’s Individual Service Plans,
developing functional clinical teams
with enhanced clinical leadership,
and ensuring that the RBHA develops
proper standards. DHS’ matrix does
not indicate when DHS plans to meet
these obligations.
Department of Health Services –
Report on Expenditures from the
Health Crisis Fund – Pursuant to A.R.S.
§ 36-797, the Department of Health
Services (DHS) is required to report
expenditures from the Health Crisis
Fund. The Health Crisis Fund receives
up to $1,000,000 annually from the
Medically Needy Account of the
Tobacco Tax and Health Care Fund.
The Governor may declare a health
crisis or a significant potential for a
health crisis and authorize monies
from the Health Crisis Fund for the
emergency.
On December 18, 2007, the Governor
signed Executive Order 2007-29
authorizing the transfer of $100,000
from the Health Crisis Fund to DHS.
The money will be used to educate
providers and the public about the
risks of syphilis, increase the number of
Arizonans that are tested for syphilis
and other sexually transmitted
diseases, and control current syphilis
outbreaks. According to the
Executive Order, the number of

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

Summary of Recent Agency Reports
syphilis outbreaks have increased in
communities throughout Arizona, and
there has been a 25-fold increase in
syphilis cases in Maricopa County over
the previous 6 months compared to
the same time-period in 2000.
Arizona Commission of Indian Affairs –
Report on Uses of Monies in the
Arizona Indian Town Hall Fund –
Pursuant to A.R.S. § 41-545, the
Arizona Commission of Indian Affairs is
providing the annual Indian Town Hall
Fund expenditure report for FY 2007.
The fund receives monies collected or
received at Indian Town Halls as fees
for Commission administration. The
purpose of the fund is to defray
administrative costs related to Indian
town halls. Statute limits expenditures
from the fund to $15,000 per fiscal
year.
New fund revenues during the 27th
Annual Indian Town Hall totaled
$1,910. As the Town Hall was held
July 16 - 18, 2007, some revenues and
expenditures will be reported in the
FY 2008 annual report. This amount
does not include the $5,773 balance
carried forward the prior year. For FY
2007, the commission had $5,062 in
disbursements.
Judiciary – Report on Probation
Services – Pursuant to Laws 2007,
Chapter 255, the Administrative
Office of the Courts (AOC) is required
to report to the JLBC on several
probation items:
Case Carrying and Non-Case
Carrying Positions –Adult Standard
and Adult Intensive Probation
maintained 237.75 and 133.5 case
carrying positions, and 410.4 and
68.68 non-case carrying positions,
respectively. Between 91.1% and
96.8% of these positions were filled.
Juvenile Standard and Juvenile
Intensive Probation maintained 108.5
and 88.5 case carrying positions, and
394.37 and 41.78 non-case carrying
positions, respectively. Between
87.7% and 92.8% of these positions
were filled.

Total Receipts and Expenditures –
Total spending from all funds for Adult
Probation Services was $127.6 million,
including $27.8 million of state
funding.
Total spending from all funds for
Juvenile Probation Services was
$156.8 million, including $15.1 million
of state funding.
Retained Funding – The AOC
retained a total of $7.7 million in FY
2007 to support local probation
departments and the state level
probation staff through training,
certification, and research.
State Mine Inspector – Report on
Abandoned Mines Safety Fund
Expenditures and Contributions – The
State Mine Inspector is required by
A.R.S. § 27-131 to establish a program
to locate, inventory, classify, and
eliminate public safety hazards at
abandoned mines; A.R.S. § 27-131
created the Abandoned Mines
Safety (AMSF) to fund the program.
The Mine Inspector must submit an
annual report to JLBC on or before
December 1 detailing the contributions to the AMSF and the
expenditures by the fund during the
preceding fiscal year.
The State Mine Inspector reported
that Freeport-McMoran Copper &
Gold, Inc., formerly Phelps Dodge,
contributed $50,000 to the
Abandoned Mine Safety Fund in May
2007. There was no appropriation or
other donations in FY 2007.
Preliminary planning has been
conducted on 35 projects covering 4
mine sites for FY 2008; however, no
disbursements were made from AMSF
in FY 2007.
Arizona Radiation Regulatory Agency
– Fee Increases to make the
Radiation Regulatory Agency SelfSufficient – Pursuant to Laws 2007,
Chapter 255, the Radiation
Regulatory Agency is required to
submit a plan to increase fees to a
level that would allow the agency to

11

(Continued)

become self-supporting. The agency
has proposed 4 options which are
listed below:
• Option A – Raise radioactive
material license fees by 3.7 times
the current rate, and enact
legislation to allow Radiation
Regulatory to retain fees, which
would make the agency selffunding.
• Option B – Raise radioactive
material licenses to 4.07 times the
current level, not to exceed 77.7%
of the U.S. Nuclear Regulatory
Commission fees, and make the
agency into a 90-10.
• Option C – The same as Option A
except the state also signs an
agreement with the U.S. Nuclear
Regulatory Commission to transfer
uranium milling and leacheate
authority to Arizona.
• Option D – The same as Option C
except the agency would become
a 90-10.
All of these options would require
statutory changes and would provide
$264,000 in additional revenue above
the current appropriated levels to
help address difficulties in the
retention of qualified individuals and
the low number of staff relative to the
agency’s current responsibilities.
Options C and D would also provide
a further revenue gain of $275,000 for
the transfer of the uranium milling and
leacheate authority to Arizona from
the U.S. Nuclear Regulatory
Commission.
All options would allow for the
revertment of the Radiation
Regulatory Agency’s FY 2009 General
Fund appropriation of $1.6 million.
Currently, approximately $1.1 million
in fees are estimated to be collected
in FY 2009. As a result, the 4 options
result in a net benefit to the General
Fund of at least $567,000. This gain to
the General Fund would be about
$800,000 under Options B and D,
where the agency is transformed into
a 90-10.

12

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

Summary of Recent Agency Reports
School Facilities Board – Report on
Funding Estimates – Pursuant to A.R.S.
§ 15-2002, the School Facilities Board
(SFB) is required to report the
estimated amounts necessary in FY
2009 for the New School Facilities,
Building Renewal, and Emergency
Deficiencies Correction Programs.
The board is also reporting the
estimated amounts necessary for
these programs for FY 2010.
In FY 2009, SFB estimates a total
funding requirement of $676.5 million,
including $460.0 million for the New
School Facilities Program and $216.5
million for the Building Renewal
Program. The Building Renewal
amount is based on the current
statutory formula.
For FY 2010, the board estimates it will
need funding in the amount of $732.2
million. Of this total, $494.0 million is
for the New School Facilities Program
and $238.2 million is for the Building
Renewal Program. SFB did not
request to transfer any monies from
the New School Facilities Fund to the
Emergency Deficiencies Correction
Fund in FY 2009 or FY 2010 due to a
sufficient cash balance.
Arizona Department of Transportation
– Quarterly Report on Motor Vehicle
Division Wait Times – A FY 2008
General Appropriation Act footnote
requires the Arizona Department of
Transportation (ADOT) to report to the
Legislature quarterly on customer
wait times in Motor Vehicle Division
(MVD) field offices and vehicle
registration renewal by mail turnaround times. Customer wait time
from receiving a ticket until arriving at
the counter decreased from 14.3
minutes in the 4th quarter of FY 2007 to
14 minutes in the 1st quarter of FY
2008. Customer wait times in
metropolitan areas ranged from just
under 5 minutes in the Mesa East
office to more than 24 minutes in the
Central Phoenix office.
For FY 2008, the footnote also
required ADOT to report the amount
of time it takes to receive a

numbered ticket. ADOT reports that
they have been unable to reliably
document the wait time to get a
numbered ticket from an MVD
employee, despite trying several
different methods.
In the metropolitan areas, including
all of Maricopa County, Apache
Junction, Tucson and Flagstaff, MVD
field offices handled 1.15 million
transactions, or 57.5%, of the total 2
million transactions in the 1st quarter
of FY 2008, and third parties handled
851,200 transactions, or 42.5%. Total
transactions include both primary
transactions (driver licenses, titles, and
vehicle registrations) and secondary
transactions (all others). In the
nonmetropolitan areas, MVD field
offices handled 432,700 transactions,
or 94.1%, of the total 460,000
transactions in the 1st quarter of FY
2008, and third parties handled
27,300 transactions, or 5.9%.
Arizona Board of Regents/Arizona
Community Colleges – Report on
Articulation and Transfer for Arizona
Public Postsecondary Education –
Pursuant to A.R.S. § 15-1824, the
Arizona Board of Regents and the
community colleges are required to
submit an annual report of their
progress on both articulation and
meeting statewide postsecondary
education needs by December 15.
In response to this mandate, both the
universities and the community
colleges continue to move toward
the goal of seamless course transfer
and statewide access to higher
education.
This year’s progress in implementing
the transfer model and support
systems include:
• The percentage of students
transferring from a community
college to one of the 3 state
universities has increased 300% in 6
years, from 12% in 2002 to 36% in
2007.
• An external evaluation of the

(Continued)

transfer articulation system found
that students who complete the
Arizona General Education
Curriculum (AGEC) at a community
college are more successful when
they transfer to a university than
other transfer students with respect
to retention, graduation rates, and
credits completed at graduation.
AGEC satisfies lower division
general education requirements at
the universities.
• The evaluation also found that over
a 5-year period, the number of
credits completed for a
baccalaureate degree by transfer
students dropped by an average
of 12 credits, the equivalent of one
semester of course work.
Arizona Board of Regents –
Mathematics, Science, and Special
Education Teacher Loan Forgiveness
Program – Pursuant to A.R.S. § 151782, the Arizona Board of Regents
(ABOR) recently reported on the
progress of the Mathematics,
Science, and Special Education
Teacher Loan Forgiveness Program.
The program allows ABOR to grant up
to 5-year loans to eligible in-state
students pursuing a teaching degree
in mathematics, science, and special
education at a public state university
and who agree to a service commitment to teach in a public school. If a
student fulfills the loan’s service
requirement, the loan may be
forgiven.
In September 2007, ABOR adopted
policies for screening applicants
based on ability, character, and
financial need. Ability is measured by
students’ progress toward degree
and coursework completed.
Character is measured by their list of
activities and their letter of recommendation. Financial need is verified
by their financial aid office.
ABOR has notified 76 qualified
applicants that they are eligible to
participate in the program beginning
in spring 2008. Only one applicant
was ineligible to participate due to
academic probation. Arizona State

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

Summary of Recent Agency Reports
University has the largest share of eligible
applicants with 47 students, while Northern
Arizona University has 21 eligible applicants and
the University of Arizona has 8.
Statute also requires ABOR to report the name
of the school at which each loan recipient is
employed, loan forgiveness information and
teacher retention data. However, this
information was not reported because the
program is not scheduled to begin until spring
2008.
Arizona Board of Regents – Student Retention
Report – Pursuant to Laws 2007, Chapter 255,
the Arizona Board of Regents (ABOR) is
providing a student retention report. In FY 2008,
the 3 state universities were appropriated
$29,800,000 to improve student and faculty
retention at their respective institutions.
Arizona State University (ASU) reports 2,189
existing FTE Positions supporting student retention
in FY 2007 and has hired 136 additional FTE
Positions for student retention efforts in FY 2008.
The university reports that the retention rate for
freshman who entered the Tempe campus in fall
2006 is expected to be 77% in FY 2008. The
retention rate for sophomores is expected to be
83%. ASU received $15.1 million of the total
student retention appropriation and has
allocated this amount to the following retention
activities:
• $1.4 million for academic advisors;
• $1.6 million for tutoring and other student
support services;
• $0.2 million for increased Faculty Associate
and Teaching Assistant stipends;
• $7.5 million for additional faculty;
• $3.6 million for an eAdvisor online degree
tracking system for students and other
learning technology;
• $0.8 million on other activities.
Northern Arizona University (NAU) did not report
existing FTE Positions dedicated to student
retention in FY 2007 and the totality of
additional FTE Positions hired in FY 2008 for
student retention efforts, as required by Laws
2007, Chapter 255. The university reports that
the retention rate for freshman was 71% in FY
2007 and is estimated to be 73% in FY 2008. The
retention rate for sophomores was 61% in FY
2007 and is expected to be 63% in FY 2008.
NAU received $4.7 million of the total student
retention appropriation and has allocated this
amount to the following retention activities:

(Continued)

• $2.2 million for additional faculty to provide
smaller class sizes for freshman;
• $1.5 million for academic advisors, software,
and educational support programming;
• $1.0 million for high cost or high growth
academic programs.
The University of Arizona (UA) reports 472.9
existing FTE Positions dedicated to student
retention in FY 2007 and has hired 111
additional FTE Positions for student retention
efforts in FY 2008. The university reports that
the retention rate for freshman who entered
in fall 2006 is expected to be 80% in FY 2008.
The retention rate for sophomores who began
in fall 2005 is 87%. UA received $10.0 million of
the total student retention appropriation and
has allocated this amount to the following
retention activities:
• $7.1 million for Teaching Assistant and
Faculty stipends;
• $1.3 million for instructional faculty;
• $1.0 million for outreach to outlying
communities and for high demand
academic areas;
• $0.6 million for various student support
activities, such as tutoring, counseling,
academic advisors, and teaching teams;

13

14

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2007

State of Arizona
General Fund Revenue

Change from Previous Year and Enacted Forecast
November 2007
Current Month

FY 2008 YTD (Five Months)

Change From
Actual

November 2006

November 2007

Amount

Change from
Actual

Forecast

Percent

Amount

Percent

November 2006

November 2007

Amount

Forecast

Percent

Amount

Percent

Taxes
Sales and Use

366,084,157

Income - Individual

235,450,207

$711,820

0.2 %

($31,440,943)

(7.9) %

$1,866,275,904

$196,734

0.0 %

($152,364,596)

(7.5) %

(14,076,747)

(5.6)

(34,338,393)

(12.7)

1,408,871,564

(17,734,826)

(1.2)

(138,684,236)

(9.0)

(2,643,214)

(7,808,275)

--

(10,058,514)

--

293,978,608

(27,337,964)

(8.5)

(37,953,692)

(11.4)

Property

3,839,795

(3,001,307)

(43.9)

(4,160,205)

(52.0)

5,781,035

(2,386,905)

(29.2)

(5,718,965)

(49.7)

Luxury

4,289,663

(3,406,076)

(44.3)

(1,625,337)

(27.5)

23,753,153

(7,547,553)

(24.1)

(5,821,847)

(19.7)

(581,689)

--

(377,697)

--

120,566,640

6,049,980

5.3

4,466,640

3.8

--

26,016

--

260,778

1,257,907

(32.0)

241,946

(22,719)

$3,719,729,628

($47,525,346)

- Corporate

Insurance Premium

(377,697)

Estate

26,016

Other Taxes

44,275

(7,693)

$606,713,202

($27,068,271)

Lottery

2,207,700

(383,200)

(14.8)

License, Fees and Permits

3,293,175

431,045

15.1

Sub-Total Taxes

1,101,696

(14.8)
(4.3) %

(20,850)
($81,995,923)

(11.9) %

-(8.6)
(1.3) %

260,778
(83,679)
($335,899,597)

-(25.7)
(8.3) %

Other Revenue

Interest

7,636,613

Sales and Services

3,877,562

Other Miscellaneous

1,398,685

Disproportionate Share
Transfers and Reimbursements
Sub-Total Other Revenue
TOTAL BASE REVENUE

(1,618,940)
249,924
(1,524,929)

(2,841,900)
477,075

(56.3)

13,734,519

(103,381)

(0.7)

16.9

15,592,638

(3,532,759)

336,119

(18.5)

2.5

(2,209,562)

(12.4)

(17.5)

(503,987)

(6.2)

47,070,984

12,246,864

35.2

14,325,084

43.7

6.9

(311,038)

(7.4)

17,164,258

368,668

2.2

(3,302,242)

(16.1)

(52.2)

(354,415)

33.7

(20.2)

11,068,850

(13.3)

2,791,150

0

0

--

0

--

0

0

--

0

--

2,233,964

2,076,861

--

2,023,964

--

15,810,887

14,717,688

--

14,260,887

--

22,434,274

22.9 %

25,761,936

27.2 %

20,647,699

(769,239)

(3.6) %

(1,510,301)

(6.8) %

120,442,136

$627,360,901

($27,837,510)

(4.2) %

($83,506,224)

(11.7) %

$3,840,171,764

(1,702,306)

($25,091,072)

(0.6) %

($310,137,661)

(7.5) %

One-Time Revenue
Urban Revenue Sharing

(57,044,911)

(11,109,023)

24.2

0

0.0

(285,224,553)

(55,545,111)

24.2

0

0.0

Sub-Total One-Time Revenue

(57,044,911)

(11,109,023)

24.2 %

0

0.0 %

(285,224,553)

(55,545,111)

24.2 %

0

0.0 %

($38,946,533)

(6.4) %

($80,636,183)

(2.2) %

TOTAL REVENUE

$570,315,990

($83,506,224)

(12.8) %

$3,554,947,211

($310,137,661)

(8.0) %