JLBC - Monthly Fiscal Highlights

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

Summary
balance, which consists of General Fund and
certain dedicated funds. To cover last year’s
$480 million shortfall and this year’s $1.9 billion
shortfall in the General Fund, the state has
already effectively borrowed all of the state’s
approximately $1.6 billion in dedicated funds
in the operating balance. Having exhausted
that source, the state literally borrowed as
much as $546 million in November.

In December, the state took action to reduce
its General Fund budget shortfall, but also had
its credit rating downgraded. In addition, the
November General Fund financial statement
continued to show monthly General Fund
spending in excess of revenues.
General Fund spending exceeded revenues
by $264 million in November. Fiscal year-todate, General Fund revenues are $2.68 billion
compared to spending of $4.60 billion, for a 5month deficit of $(1.92) billion.

www.azleg.gov/jlbc.htm

“Year-to-date,
revenues are
(17.6)% below
the prior year,
and $(459.5)
million below the
budget
forecast.”

December 2009

December cashflow declined further from
November. The highest daily borrowing was
$905 million on December 14th and the
average daily balance was $(747) million.
The $905 million was a new record high in
borrowing.

November was another poor revenue
collection month. November General Fund
revenue collections were $422.1 million.
Excluding budgeted transfers and Urban
Revenue Sharing, November collections were
(15.7)% below the prior year, and $(81.0) million
below the budget forecast. (See Table 1
below and Table 6 on page 6 for more
information.)

Beyond the operating fund borrowing, the
initial source of borrowing is $700 million in
overnight commercial lending. If that amount
is insufficient, the Treasurer’s current capacity
to borrow against the Pool 3 interest-bearing
accounts is approximately $550 million. (See
the November Monthly Fiscal Highlights for
further details.)

Year-to-date, revenues are (17.6)% below the
prior year, and $(459.5) million below the
budget forecast.

These lending costs increased when Moody’s
downgraded the state’s credit rating from
Aa3 to A1 on December 23rd. Standard &
Poor’s rating also fell from AA to AA-minus.
This downgrading automatically increased
the interest rate paid under the existing
commercial lending contract by as much as
15 basis points (0.15%). On an annual basis,
this increase would cost up to an additional
$1 million in interest on commercial borrowing.
The other likely General Fund impact will be a
higher borrowing cost for the state’s

In comparison, November 2009 General Fund
spending was $685.9 million. November
expenditures were higher than the prior year
due to a $353.9 million monthly K-12 payment
by the Arizona Department of Education
(ADE) which was not made in November
2008. Year-to-date spending is $(146) million
less than the prior year.
The net November shortfall continued to
increase the level of daily borrowing. The state
pays its bills out of the operating fund

Table of Contents
November Revenues ............................................. 4
Economic Indicators .............................................. 7
This report has been
prepared for the Arizona
Legislature by the Joint
Legislative Budget
Committee Staff on
December 31, 2009.

Summary of Recent Agency Reports
• AHCCCS – Healthcare Group ........................ 13
• ADOA – GITA AzNet Implementation............ 13
• DES – Domestic Violence ................................ 13

•
•
•
•
•
•
•
•

ADE – Budget Status Report............................ 13
DEQ – Particulate Enforcement ..................... 13
State Mine Inspector – Abandoned Mines .. 13
ABOR/ACC – Report on Articulation............. 13
ABOR – Credit Hour Threshold ........................ 14
ABOR – Financial Aid........................................ 14
ABOR – Loan Forgiveness Program ............... 14
SFB – Funding Estimates ................................... 14

2

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

Summary
Table 1

(continued)

General Fund Revenues
Compared to Forecast and FY 2009 Collections
($ in Millions)

November
Year-to-Date

“The (15.9)%
decline in
November
revenues reflects
the 16th
consecutive
month of doubledigit declines in
General Fund
revenue
collections
compared to the
prior year.

FY 2010
Collections
$ 422.1
$ 2,681.0

forthcoming $735 million asset lease-back
issuance.
In downgrading the rating, Moody’s noted
that “the rating outlook for the State of
Arizona is negative. The state is experiencing
a serious economic slowdown which,
together with tax reductions implemented in
2007 and various spending mandates, has
resulted in ongoing, significant fiscal stress and
tightening liquidity. While Arizona is acting to
stabilize its fiscal situation, the size of the
structural budget imbalance faced by the
state, diminished state resources, economic
uncertainty, and inflexibility related to
spending mandates and revenue raising
requirements pose considerable challenges
to a return to fiscal stability.”
Standard & Poor's stated that its lower rating
was based on their opinion of the "state's
structurally imbalanced budgets, which are
partly due to what we consider a lack of
sufficient budget action. Additionally, the
rating action reflects the state's tightening
liquidity position, even though it has received
additional outside liquidity in recent months."
The ratings downgrade occurred just after the

Table 2

Difference From
Budget Forecast
$ (81.0)
$ (459.5)

Difference
From FY 2009
$ (70.7)
$ (695.1)

Legislature reduced the budget shortfall by
$(193) million in the 5th Special Session. Prior to
that time, the estimated year-end shortfall
was $(1.6) billion. The Special Session
reduced the year-end shortfall estimate to
$(1.4) billion. The continuing weakness in
revenues, however, may result in the shortfall
once again increasing.
FY 2010 Revenues
The (15.9)% decline in November revenues
reflects the 16th consecutive month of doubledigit declines in General Fund revenue
collections compared to the prior year.
Among the major revenue categories:
• November sales tax collections were down
(13.1)% compared to November 2008, and
were $(35.1) million short of the monthly
forecast. Year-to-date, sales tax
collections are down (16.4)% from the prior
year, and are $(149.4) million below
forecast. The good news is that the retail
category was only down (5)% compared
to last year. The bad news is that the
contracting category was down over
(43)%.
• November individual income tax
collections were 15.6% greater than
November 2008, and were $26.9 million

General Fund Spending ($ in Millions)
Change
Year to
Nov 09
from Nov 08
Date

Agency
AHCCCS
Corrections
Economic Security
Education
Health Services
Public Safety
School Facilities Board
Universities
Other
Total

98.6
58.5
34.9
373.2
11.4
1.8
0.8
78.3
28.4
685.9

(35.9)
(5.2)
24.2
302.9
(13.4)
0.6
(32.9)
(8.1)
(5.6)
226.6

615.9
341.5
443.9
1,965.9
284.7
40.1
82.1
482.2
342.0
4,598.3

YTD Change
from FY 09
(60.9)
(23.5)
(103.6)
398.9
(195.4)
15.8
(118.0)
27.5
(86.8)
(146.0)

3

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

Summary

•

(continued)

above forecast. Withholding tax
collections and estimated and final
payments were about equal to last year.
However refunds were about half of
November 2008 refunds, resulting in the net
increase for the month.
November corporate income tax
collections were $(72.5) million below the
forecast for the month. The decrease was
due to several large unanticipated
corporate refunds. Year-to-date,
corporate collections are down (74.5)%
from the prior year, and are $(128.0) million
below forecast.

FY 2010 Spending
“Given the ongoing weakness
in receipts, the
$(1.4) billion
General Fund
shortfall estimate
may rise again
by January when
the revenue
estimates are
updated.”

November 2009 spending of $685.9 million
was $226.6 million above November 2008. For
the year-to-date, spending of $4.60 billion is
($146.0) million below 2009 (See Table 2
above). The main highlights were:
• The Arizona Department of Education
(ADE) has spent $1.97 billion year-to-date
in FY 2010, or $399 million more than the
prior year. In November, ADE spending
was $302.9 million higher than the prior
year. This increase was due to a monthly
payment of $353.9 million, which was not
made in November of last year. The yearto-date increase over last year is primarily
due to having made one more payment
to districts at this point in FY 2010.
• Spending in AHCCCS and DHS is a
combined $(49.3) million less in November
than in 2009. This is generally consistent
with the FY 2010 budget assumption that
caseload growth in Medicaid spending in
those agencies would be offset by the
enhanced federal match from the
federal stimulus legislation.
• School Facilities Board (SFB) spending in
November was $(32.9) million less than in
November 2008. Year-to-date SFB
spending is $(118.0) million below FY 2009.
These reductions are due to technical
revisions and do not accurately reflect
SFB spending.
FY 2010 Status
In last month's MFH, the size of the FY 2010
budget shortfall was estimated at $(1.6)
billion.
The recently-completed 5th Special Session
legislation had a total fiscal impact of $193
million, which includes:

•

$75 million in a 7.5% General Fund lump
sum reduction of non-entitlement
spending in most agencies.
• $46 million in a 7.5% Other Fund lump sum
reduction of non-entitlement spending in
most agencies. The savings from these
reduced expenditures would be
transferred to the General Fund.
• $54 million in fund transfers from agency
fund balances. These amounts typically
reflected 33% of expected FY 2010
ending balances.
• $11 million from redirecting prison
construction savings to debt service.
• $8 million from redirecting full day
kindergarten capital proceeds to regular
School Facilities Board debt service.
For more information see:
http://www.azleg.gov/jlbc/5thspsessionsaving
s-senateengrossed.pdf.
Given the ongoing weakness in receipts, the
$(1.4) billion General Fund shortfall estimate
may rise again by January when the revenue
estimates are updated. The current shortfall
estimate is based on a projected (8.2)%
reduction in overall ongoing FY 2010
revenues. If this forecast is to be met,
revenues can only fall by (0.5)% in the
remaining 7 months after the (17.6)% decline
through the first 5 months of the fiscal year.
Given that revenue began to decline
dramatically in the second half of FY 2009, we
do not anticipate that the double digit
declines will continue past January. At the
same time, however, limiting the revenue
decline to (0.5)% seems too optimistic.

4

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

November Revenues

“The November
[sales tax]
decline marked
the 22nd
consecutive
month of yearover-year
reductions, and
the 13th
consecutive
month of double
digit declines
compared to the
previous year.”

Sales Tax collections were $276.0 million in
November. These revenues were down
(13.1)% compared to last November, and were
$(35.1) million below the budget forecast. The
November decline marked the 22nd
consecutive month of year-over-year
reductions, and the 13th consecutive month of
double digit declines compared to the
previous year. Table 3 displays the November
growth rates for the largest categories.
Table 3

Sales Tax Growth Rates
Compared to Prior Year

Retail
Contracting
Utilities
Use
Restaurant & Bar

Nov
(5.0)%
(43.4)%
1.7%
(16.7)%
(3.5)%

YTD
(11.0)%
(41.1)%
0.1%
(23.6)%
(4.6)%

As noted in previous months, retail and contracting together account for about 30% of all
sales tax revenues. The one relatively positive
news is that the retail sector decreased by only
(5.0)% in November, after 12 consecutive
months of double-digit year over year declines
in that category. However, contracting
continued its poor performance, with a (43.4)%
decrease for the month.
As noted in Table 4 below, October taxable
sales (latest available data) in the retail
category were down (12.4)% from October of
the prior year. The largest subcategory within
retail is the General Merchandise and
Miscellaneous Retail category, which is down
(7.3)%. Motor Vehicles, which represents 20.4%
of the total, is down (13.9)% compared to
October of the prior year.

Table 4

Individual Income Tax net revenues were
$231.6 million in November. Collections were
up 15.6% compared to the prior year, and
were $26.9 million above the budget forecast.
Year-to-date collections are down by (13.6)%
and are $(178.3) million off the forecast
amount. Table 5 displays November growth
rates for individual categories.
As indicated in Table 5 below, withholding tax
payments declined by (0.6)% in November, the
14th consecutive month of year-over-year
declines. The state has not suffered that many
months of year-over-year declines since at
least 1960.
Table 5

Individual Income Tax Growth Rates
Compared to Prior Year

Withholding
Estimated +
Final Payments
Refunds

November
(0.6)%
8.9%

YTD
(6.0)%
(32.3)%

(50.2)%

13.1%

November payments in the individual income
tax category were 8.9% above last year, and
$1.8 million above the forecast for the month.
However, November is a small payment
month, and year-to-date, payments are
(32.3)% below last year, and $(64.6) million
below the forecast.
November refunds totaled $(31.4) million,
which was (50.2)% below the prior year. It is
possible that decreased refunds in November
were the result of differences in processing
timing this year compared to last. Combining
October and November, current year refunds
of $(141.1) million are 8.2% greater than the

October Taxable Retail Sales by Subcategory

General/Misc. Merchandise
Motor Vehicles/Misc. Auto.
Bldg Materials and Supplies
Food and Liquor Stores
Furniture, Home Furnishings
Clothing and Accessories
Manufacturing
Other Subcategories
Total

% of
Total Sales
30.8%
20.4%
7.5%
7.4%
6.9%
5.8%
5.5%
15.7%
100.0%

% Change
Over FY 2009
(7.3)%
(13.9)%
(13.2)%
(7.4)%
(24.6)%
(8.0)%
(22.3)%
(15.0)%
(12.4)%

5

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

November Revenues
total of $(130.4) million for the same period last
year.
Corporate Income Tax net collections were
$(77.1) million in November, which was $(72.5)
million below forecast for the month.
Corporate refunds for November totaled
almost $(94) million, which is the largest refund
month on record (since FY 1994). Year-todate, corporate collections are (74.5)% below
last year, and $(128.0) million below the
budget forecast.
The Lottery Commission reports that ticket sales
for the month of November were $42.7 million,
which was $8.4 million above sales in
November 2008, an increase of 24.5%. Year-todate, ticket sales of $209.8 million are $34.5
million or 19.7% above last year.
While ticket sales have increased $34.5 million
above last year at this time, distributions to
state beneficiaries are down $(3.0) million. As
we noted last month, it appears that sales
have increased as prize payouts have
increased. Statute requires the Lottery
Commission to deposit at least 50% of ticket
sales into the fund used for prize payouts. Prior
to FY 2009, the percentage used for payouts
was about 56%. Currently, prize payouts
represent about 60% of ticket sales.
Higher prize payouts, however, result in
reduced distributions to state beneficiaries.
The percentage of ticket sales distributed to
beneficiaries has dropped from 30% prior to
FY 2009 to approximately 22% so far in FY 2010.
The Lottery Commission notes that by the end
of the fiscal year, the percentage of ticket
sales distributed to beneficiaries will equal 26%.
Tobacco Tax revenues were $28.4 million in
November. Collections were down (12.1)%
compared to the prior year, and were $(4.9)
million below the budget estimate for the
month. Year-to-date collections are down by
(15.0)% and are down by $(29.4) million below
the budget estimate.
Less than 10% of tobacco taxes are deposited
directly into the General Fund. The remainder
primarily goes to AHCCCS and the
Department of Health Services to defray the
General Fund cost of operating those
programs.

(Continued)

Non-General Funds
Highway User Revenue Fund (HURF) revenues
consist of gasoline and use fuel (diesel) tax,
motor carrier fees (commercial carriers),
vehicle license tax and registration fees, and
various other fees.
HURF collections of $95.3 million in November
were down $(5.0) million or (5.0)% compared
to November of last year. Year-to-date, total
HURF collections of $484.5 million are down
$(44.1) million or (8.3)% compared to the prior
year.

6

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

Table 6

State of Arizona
General Fund Revenue:

Change from Previous Year and Budget Forecast
November 2009
Current Month

FY 2010 YTD (Five Months)

Change From
Actual

November 2008

November 2009

Amount

Change from
Actual

Forecast

Percent

Amount

Percent

November 2008

November 2009

Amount

Forecast
Percent

Amount

Percent

Taxes
Sales and Use
Income - Individual
- Corporate

$275,994,428

($41,479,661)

231,605,948

31,270,769

(77,052,866)

(74,564,472)

(13.1) %
15.6
--

($35,080,888)
26,936,587
(72,513,266)

(11.3) %
13.2
--

$1,419,965,694

($278,529,499)

1,135,035,718

(178,374,456)

(16.4) %
(13.6)

($149,448,582)
(178,348,462)

(13.6)

49,202,539

(143,999,664)

(74.5)

(127,971,561)

(72.2)

Property

4,403,827

951,207

27.6

549,827

14.3

6,228,345

461,479

8.0

Luxury - Tobacco

2,615,000

69,841

2.7

0

0.0

12,121,982

(851,639)

(6.6)

(1,045,018)

(7.9)

2,680,000

10,201

0.4

0

0.0

10,955,840

(697,919)

(6.0)

(1,024,160)

(8.5)

52.6

- Liquor

152,609

(74,346)

(32.8)

52,609

Estate

Insurance Premium

39,278

(60,839)

(60.8)

39,278

Other Taxes

39,162

0.5

(13,338)

Sub-Total Taxes

$440,477,386

203
($83,877,097)

(16.0) %

($80,029,191)

746,345

(9.5) %

132,868,520

5,713,198

4.5

143,520

--

333,384

229,071

219.6

333,384

(25.4)

260,274

35,208

15.6

(15.4) %

$2,766,972,296

($596,014,221)

(17.7) %

(2,226)
($456,616,760)

13.6

0.1
-(0.8)
(14.2) %

Other Revenue
Lottery

3,059,400

(5,072,900)

(62.4)

(40,600)

(1.3)

12,306,300

(10,212,400)

(45.4)

(93,700)

(0.8)

License, Fees and Permits

2,030,212

(1,244,793)

(38.0)

(1,219,788)

(37.5)

10,858,459

(3,795,510)

(25.9)

(5,521,541)

(33.7)

31,568

(1,344,768)

(97.7)

937,392

(2,337,269)

(71.4)

Interest
Sales and Services
Other Miscellaneous
Disproportionate Share
Transfers and Reimbursements
Sub-Total Other Revenue
TOTAL BASE REVENUE

--

1,140,716

(6,825,939)

(85.7)

1,140,716

(2,832,608)

31,568

(75.1)

10,782,709

(4,607,321)

(29.9)

(6,577,291)

91.0

20,799,947

1,367,391

7.0

0

0

31,549,096

10,714,331

3,820,719

4,138,924

--

1,820,719

0

0

--

0

15,908,282

2,624,084

25,787,573

(3,236,722)

(11.2) %

(937,427)

(3.5) %

87,437,227

(13,359,448)

(13.3) %

(2,907,773)

(3.2) %

$466,264,959

($87,113,819)

(15.7) %

($80,966,618)

(14.8) %

$2,854,409,523

($609,373,669)

(17.6) %

($459,524,533)

(13.9) %

19.8

1,303,282

-8.9

-51.4

799,947

-(37.9)

0
7,344,096

4.0
-30.3

Other Adjustments
Urban Revenue Sharing
Budget Plan Transfers
Other Revenue
Sub-Total Other Adjustments
TOTAL GENERAL FUND REVENUE

(52,387,052)

8,252,731

--

0

0.0

(261,935,261)

41,263,655

3,413,926

3,413,926

--

0

0.0

81,357,003

(134,189,789)

4,796,734

4,796,734

--

0

0.0

(44,176,392)

16,463,391

-- %

0

0.0 %

7,195,100
(173,383,158)

--

0

0.0

(62.3)

0

0.0
0.0

7,195,100

--

0

(85,731,034)

97.8 %

0

0.0 %

$422,088,567

($70,650,428)

(14.3) %

($80,966,618)

(16.1) %

$2,681,026,365

($695,104,703)

(20.6) %

($459,524,533)

(14.6) %

Highway User Revenue Fund

$95,267,000

($5,007,000)

(5.0) %

($4,074,000)

(4.1) %

$484,503,000

($44,088,000)

(8.3) %

($19,255,000)

(3.8) %

Tobacco Tax (All Funds Total)

$28,436,889

($3,927,562)

(12.1) %

($4,902,924)

(14.7) %

$138,420,711

($24,496,284)

(15.0) %

($29,406,088)

(17.5) %

Non-General Funds

7

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

Economic Indicators
NATIONAL

“The nation’s
economic
recovery, which
started in the 3rd
quarter of the
current calendar
year, has proven
to be weaker
than first
assumed.”

According to the third and final estimate of the
U.S. Real Gross Domestic Product (GDP) for the
3rd quarter of 2009, the nation’s economy grew
at an annual rate of 2.2% down from the
previous estimate of 2.8% released last month.
The advance estimate released in October
indicated a real GDP growth of 3.5%. The
latest GDP revision was primarily due to less
consumer and business spending than
previously estimated. Additionally, inventories
contributed less to overall GDP growth than first
believed. The nation’s economic recovery,
which started in the 3rd quarter of the current
calendar year, has proven to be weaker than
first assumed.
In December, the Conference Board’s U.S.
Consumer Confidence Index was 52.9, up 2.3
points from the revised November level of 50.6.
The measure is up 37.0% from the December
2008 level. The report indicates that although
consumers’ views of their present situations fell
to the lowest level since 1983, this decline was
more than offset by a surge in expectations for
the economy 6 months from now.
The Conference Board’s U.S. Index of Leading
Economic Indicators rose for the eighth
consecutive month in November, with a
month-over-month increase of 0.9%. The index,
which is designed to anticipate economic
activity 3 to 6 months in advance, indicates
that the national economy has started its
recovery. Six of the 10 components that make
up the index improved in November, most
notably those related to the labor and bond
markets.
Consumer prices, as measured by the U.S.
Consumer Price Index (CPI), increased by 0.4%
in November. The relatively large CPI increase
was mainly due to higher costs for energy,
medical care, and transportation. The
November CPI was 1.9% above last year’s
level, which represented the first year-overyear increase since February. The core CPI,
which excludes food and energy prices,
remained unchanged in November. The core
CPI has risen by 1.7% over the last 12 months.
The Semiconductor Industry Association (SIA)
reported that Semiconductor Billings (3-month
moving average) in the U.S. totaled $3.66
billion in October, the largest amount since

November 2007. October was the eighth
month in a row with monthly increases in
semiconductor sales. Year over year, sales
increased by 14.1% in October. The
Semiconductor Industry Association’s most
recent forecast points towards an increase in
worldwide sales of 10.2% in 2010 and 8.4% in
2011.
ARIZONA
As this year draws to a close, it will undoubtedly
be remembered as one of the worst in
decades for Arizona as evident from a host of
economic measures. The average annual
percentage decline in nonfarm employment is
expected to be the worst on record (data is
available from 1939). State personal income is
expected to decrease for the first time since
1944. Arizona’s population grew by the slowest
rate since 1945. The issuance of single-family
building permits is on track to be lowest since
the late 1960s. Arizona consumer confidence
index reached a record low in the first quarter
of 2009.
The good news is that the many indicators now
suggest that the bottom of the business cycle is
within sight as most of these measures are
either declining at a slower rate than previously
or even growing modestly. For example, on a
year-over-year basis, nonfarm employment
was down by (5.6)% in November, the lowest
decline in 2009. Also, after adjusting for
seasonal job patterns, the state added more
than 8,500 jobs in October and November,
which was the best performance since the
recession started at the end of 2007. Other
evidence can be found in single family
permitting activity, which increased, year over
year, in October and November for the first
time since January 2006.
The pace of the state’s economic recovery will
likely hinge on the performance of its housing
market. Quarterly data from ASU’s Realty
Studies Group suggests that the volume of
existing home sales in the Greater Phoenix
area is on track to reach its highest level since
the record-year of 2005. New home sales,
however, are expected to be lowest on record
by a large margin. Existing home prices
appear to have bottomed out in the second
quarter of 2009 whereas new home prices are
still falling.

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

Economic Indicators
Some analysts have cautioned that the
increase in existing home sales here and
elsewhere in the country have been artificially
boosted by the federal tax credit for first-time
home buyers. The same analysts believe that
this credit has primarily served to shift home
sales from 2010 to 2009. Some of this shift in
sales, however, could be offset by the federal
government’s recent decision to extend the
credit (and expand it as well to include not
only first-time home buyers) through April of
2010. Again, this may only serve to shift sales
from the second to first half of 2010. If this is
true, then existing home sales may fall in future
years.
“This was the first
month-overmonth increase
of the [state
coincident]
index since
August 2007.”

This potential shift of sales due to the credit
coupled with a large inventory of foreclosed
homes for sale make it difficult to gauge the
current state of the housing market. The weak
job market with near double-digit
unemployment rate could also result in a new
wave of foreclosures next year. Thus, the
prospect of the housing sector of the economy
remains uncertain.
As reported in recent issues of Monthly Fiscal
Highlights, the Federal Reserve Bank’s
coincident index is a relatively new measure
designed to gauge current economic activity
in the nation’s 50 states, including Arizona. The
index combines four state-level indicators into
a single statistic: nonfarm payroll employment,
average hours worked in manufacturing,
unemployment rate, and inflation-adjusted
wages.
The November state coincident index for
Arizona increased by 0.1% over the prior
month’s reading. This was the first month-overmonth increase of the index since August 2007.
The index was (6.4)% below the reading in
November 2008 and (11.5)% below its peak in
August 2007. By way of comparison, the
national index rose by 0.1% in November and
was (2.7)% below last year’s level. The Fed
reported that the index increased in 26 states,
decreased in 16 states, and remained
unchanged in the remaining 8 states last
month.
The graph below shows the history of the
Arizona coincident index.

(Continued)

Arizona Coincident Economic Activity Index
230

220
(July 1992 = 100)

8

210

200

190
Jan-06

Jul-06

Jan-07

Jul-07

Jan-08

Jul-08

Jan-09

Jul-09

Jan-10

The federal Bureau of Economic Analysis (BEA)
recently reported that Arizona personal
income was $217.7 billion in the 3rd quarter of
2009. While personal income remained
essentially unchanged from the 2nd quarter, it
was (2.6)% below the same quarter in the prior
year. On a calendar year basis, Arizona
personal income is expected to decrease in
2009, which would make it the first such
decline in more than 60 years.
Personal income net of transfer payments is
arguably a better measure of ongoing
economic activity than the total personal
income figure. This is because transfer
payments (which consist primarily of social
security, medical, and income maintenance
benefits, such as cash payments and food
stamps, and unemployment insurance
compensation) reflect benefits received by
persons who are not directly involved in the
production of goods and services.
Under this alternative measure of economic
activity, personal income adjusted for transfer
payments has decreased for an
unprecedented 7 consecutive quarters.
(Detailed personal income data is available
from the 1st quarter of 1969.) Year over year,
personal income net of transfer payments was
down by (6.3)% in the 3rd quarter of 2009. By
way of comparison, this measure never
declined (in nominal terms) in any of the prior 5
recessions.
The composition of personal income has also
changed since the recession started in the last
quarter of 2007. Before this time, transfer
payments made up about 15% of personal
income compared to 20% today. Unemployment insurance compensation comprised 1%

9

JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

Economic Indicators
of total transfer payments compared to almost
5% currently. Over the same period, net
earnings (wages, other labor income, and
small business income) as a share of personal
income fell from 65.3% to 62.1%, the lowest
percentage in 40 years.

“The state has
shed (10.2)% of
its workforce, or
(276,500) jobs,
since the
recession started
in December
2007.”

The U.S. Census Bureau has released new
population estimates for each of the nation’s
50 states. According to this release, the
Arizona population as of July 1, 2009 was
estimated to be 6,595,778. This was an
increase of 96,400 persons, or 1.5%, over last
year, the slowest rate of growth since 1945. In
spite of such slow population growth, Arizona
still ranked 7th in nation. Wyoming’s population
grew by 2.1%, the highest growth rate in the
nation. The Census data also showed that
most of Arizona’s growth (56%) last year
resulted from a natural increase (number of
births minus number of deaths) of the state’s
population. The remaining 44% of the
population increase was attributable to net
migration. This was in stark contrast to the
population trend observed for most of the
decade when more than two-thirds of
Arizona’s population increase was due to net
migration.
It should be noted that a recent study by the
Urban Land Institute (ULI) has called into
question the accuracy of the population
estimates provided by the U.S. Census Bureau.
By basing its population estimates on
alternative measures such as employment,
school enrollment, utility customers, and
housing vacancy, ULI has reached the
conclusion that the population in metropolitan
Phoenix has been unchanged between 2007
and 2009. Since the population in the metroPhoenix area accounts for about 70% of the
statewide population, the ULI’s no-growth
estimate may also be applicable to the state
as a whole. We will have to wait until the early
release of Census 2010 data in December 2010
before the accuracy of the various population
estimates can be evaluated.
According to new figures released by the
Arizona Department of Commerce, the state
added 12,800 nonfarm payroll jobs in
November. Year over year, total nonfarm
employment was down by (5.6)%. This
translates into a year-over-year loss of (143,800)
jobs, the lowest such figure since November
2008. The state has shed (10.2)% of its
workforce, or (276,500) jobs, since the recession
started in December 2007.

(Continued)

November marked the fourth straight month
with monthly increases in total payroll
employment. A total of 54,900 jobs have been
added to the payrolls over this period (August
through November). However, most of these
job gains are seasonal in nature and as such
do not reflect the underlying performance of
the state’s economy. To control for such
seasonal fluctuations, the federal Bureau of
Labor Statistics (BLS) produces a seasonally
adjusted time series for Arizona nonfarm
employment. This data paints a different
picture as the seasonally adjusted series
suggests that the state actually shed jobs in
both August and September. However, on a
bright note, the same data also indicates that
the state’s economy still produced some small
job gains in both October (+4,200) and
November (+4,300). While these were modest
job gains by historical standards, they still
represented the largest improvement since
August 2007, according to the BLS.
The construction sector shed (5,500) jobs in
November. The industry now employs (37,200)
or (22.0)% fewer workers than a year ago. As
of November, the construction sector had
131,800 workers on the payroll, the lowest
number since April 1996. During the peak of
the housing boom in the summer of 2006, the
industry employed close to 250,000
construction workers.
The manufacturing sector added 800 jobs in
November. This was the first time since 2005
that this industry had month-over-month job
gains in November. Year over year,
manufacturing employment is down by (6.7)%.
The only segment of the manufacturing
industry that has expanded its workforce over
the last 12 months is the aerospace products
and parts sector, which has grown by 3.6%.
The average weekly hours of production
workers in manufacturing industries is a leading
indicator since “factory hours” tends to lead
the business cycle as employers usually adjust
work hours before increasing or decreasing
the size of their workforce. According to the
Department of Commerce, average weekly
hours in November remained unchanged at
38.7 hours. The long-run average for the
manufacturing industry in Arizona is 40.3 hours.
Year over year, average weekly hours are
down by (4.7)%.

10 JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

Economic Indicators
The state’s unemployment rate in November
fell from 9.3% to 8.9%, the lowest reading since
June. The reason for the relatively large and
unexpected drop in the unemployment rate is
unclear. One explanation that is gaining
traction is that Arizona has a disproportionate
share of mobile workers (especially those that
are tied to the construction industry) that have
opted to leave the state after losing their jobs
in order to search for employment elsewhere.
Such individuals will not be included in the
state’s unemployment statistics.

“At its current
level, the median
(single-family)
resale price is
down (46.3)%
from its high of
$267,000 in June
2006.”

The Department of Commerce reported that
28,764 initial claims for unemployment
insurance were filed in November, the lowest
figure since September 2008. Year over year,
jobless claims decreased by (5.3)%, the first
such decline since October 2006. Claims for
initial unemployment insurance appear to
have peaked in April when more than 41,000
individuals filed for benefits. For the week
ending on December 5, a total of 97,266
Arizona residents filed for continued claims for
jobless benefits. While this was an increase of
4.5% over the prior week, it was still (16.6)%
below the peak reached in the first week of
August earlier this year.
According to data released by the U.S.
Census Bureau, an average of 1,093 building
permits were issued each month for the
period between September and November
2009. This amount includes an average of
1,035 single-family residential building permits
and 58 multi-family permits. Compared to
the prior 3-month period, the number of
single-family permits issued decreased (7.6)%
while the number of multi-family permits
increased 25.4%. Compared to the same
period in the prior year, activity in the single
family segment increased 21.0%, while permits
in the multi-family segment was down by
(88.4)%.
Based on ASU’s November real estate report,
the single-family median resale home price
was $143,500 while the number of singlefamily existing home sales totaled 8,335. The
November median sales price was 0.3%
higher than the prior month but (10.3)% below
the sales price reported a year ago. At its
current level, the median resale price is down
(46.3)% from its high of $267,000 in June 2006.
The 8,335 transactions are (16.3)% below
October 2009 levels but 28.9% above the
number of transactions in a year ago. Sales
activity reached a high of 11,820 in June 2009.

(Continued)

In the multi-family segment, ASU’s report
indicates there were 1,170 townhousecondominium median transactions with a
median sales price of $105,900. The total
number of units bought and sold represents a
decrease of (15.8)% below October 2009
levels, while the median resale price increased
slightly by 0.3%. The median resale price
reached a high of $189,990 in May 2007.
The S&P/Case-Shiller Home Price Index
measures housing prices based on repeat
sales. Based on the most recent 3-month
moving average calculation, the October
index for the Phoenix metropolitan area
increased on a month-over-month basis for
the fifth straight month to a level of 110.71. At
its current level, the index, increased 1.3%
relative to the prior month (September) but
was down (18.1)% on a year-over-year basis.
Relative to peak in June 2006 (227.42), the
index is down (51.3)%.
According to seasonally adjusted MLS data,
the month’s supply of housing indicator
increased by 0.2 months between October
and November. The measure currently
suggests that it would take 5.6 months to
deplete the current inventory of unsold
homes. At this level, the supply of housing is
(5.6) months less than it was a year ago and
(11.0) months below the September 2007 high
of 16.6 months.
Although this measure has improved
considerably since the start of this calendar
year, it remains unclear whether it is truly a
reliable gauge of the state’s housing supply.
The main reason is that it is not known to what
extent bank-owned properties are represented on the MLS. This so-called “shadow
inventory,” which consists largely of
foreclosed homes owned by banks and not
listed with realtors, is difficult to measure. For
this reason, some analysts prefer to use the
Census Bureau’s homeowner vacancy rate as
a means to gauge this shadow inventory. The
vacancy rate measures the number of homes
that are vacant and for sale at the end of
each quarter, and which includes the
“shadow homes.” While this measure is based
on a relatively small sample size for Arizona, it
nonetheless suggests that the shadow
inventory may be sizeable as the state’s
homeowner vacancy rate at the end of the
3rd quarter of 2009 was almost 40% above the

11 JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

Economic Indicators
long-run average for the period that ended
right before the state’s housing bubble burst.
Additionally, of the foreclosed homes that are
listed on the MLS, there is anecdotal
information that suggests that many of these
properties are being purchased by investors
and then quickly turned around and sold. As
a result, the month’s supply of housing may
be understated.

“AHCCCS
caseloads are
currently 18.6%
above
December 2008
levels.”

The sharpest and longest recession in postWorld War II history has not only resulted in
record-large declines in tax receipts but also
led to a surge in the demand for state health
and welfare services. This explains why
caseload growth is near or has exceeded the
budget estimates for June 2010 as outlined
below.
In December, AHCCCS caseloads increased
to a total of 1,367,199 members, 0.9% above
the number of recipients in the previous month.
AHCCCS caseloads are currently 18.6% above
December 2008 levels. The FY 2010 budget
funded a projected June caseload growth of
10.7%, for a total of 1,388,147 members.
There were a reported 87,652 TANF recipients
in the state in October, which represented a
monthly caseload increase of 1.4%.
October’s year-over-year increase was 4.7%.
The FY 2010 budget assumed that the June
2010 TANF caseload would be 84,287.
The Supplemental Nutrition Assistance
Program (SNAP), formerly known as Food
Stamps, provides assistance to low-income
households to purchase food. In October,
there were a total 987,068 food stamp
recipients in the state, an increase of 1.4%
over the prior month. Compared to the
same month last year, food stamp
participation was up by 34.4%. The number
of food stamp recipients began increasing
steadily in July 2007, after several years in the
550,000 to 575,000 range.
The Department of Correction’s (ADC) inmate
population increased to a 3-month average
count of 40,686 inmates between September
and November 2010. This equates to an
average monthly increase of 32 inmates and a
year over year increase of 1,260 inmates. In
FY 2010, the department was funded for
growth of 151 inmates per month. Fiscal yearto-date, monthly population growth has
ranged from a decrease of (76) inmates to an
increase of 165 inmates.

(Continued)

With the exception of Maricopa County (who
funds all of their probation programs) the
state and counties share the costs of adult
and juvenile probation programs. Based on
adult and juvenile probation data from
August and October, respectively, the nonMaricopa probation caseload was 19,916
individuals - 105 fewer probationers than the
prior month and 181 probationers fewer than
a year ago. In Maricopa County, there were
29,795 probationers during the period, 263
fewer than the prior month and 402 more
than a year ago.

12 JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

Economic Indicators

(Continued)

Table 7

ECONOMIC INDICATORS
Indicator

Time Period

Current Value

Change From
Prior Period

Change From
Prior Year

November
November
November
November
November
November
Sep-Nov
Sep-Nov

8.9%
28,764
2.44 million
160,800
131,800
38.7
$35.5 million
$126.8 million

0.4%
(8.0)%
0.5%
0.5%
(4.0)%
0.0%
(4.0)%
0.3%

2.5%
(5.3)%
(5.6)%
(6.7)%
(22.0)%
(4.7)%
(42.7)%
(10.1)%

Sep-Nov
Sep-Nov

1,035
58

(7.6)%
25.4%

21.0%
(88.4)%

November
November

8,335
1,170

(16.3)%
(15.8)%

28.9%
105.3%

November
November
October
November
August
September

$143,500
$105,900
110.71
5.6 months
3.17 million
$5.90

Arizona
- Unemployment Rate
- Initial Unemployment Insurance Claims
- Non-Farm Employment – Total
Manufacturing
Construction
- Average Weekly Hours, Manufacturing
- 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
S&P/Case-Shiller Home Price Index (Jan. 2000 = 100)
- Months Supply of Housing, (ARMLS)
- Phoenix Sky Harbor Air Passengers
- Arizona Average Natural Gas Price
($ per thousand cubic feet)
- Arizona Consumer Confidence Index (1985 = 100)
- Arizona Coincident Index (July 1992 = 100)
- Arizona Personal Income
- Arizona Population
- AHCCCS Recipients
- TANF Recipients
- SNAP (Food Stamps) Recipients
- ADC Inmate Growth (3-month average)
- Probation Caseload (Adult/Juvenile)
Non-Maricopa
Maricopa County

3rd Quarter 2009
November
3rd Quarter 2009
July 1, 2009
December
October
October
Sep-Nov

60.2
198.88
$217.7 billion
6.60 million
1,367,199
87,652
987,068
40,686

26.6%
0.1%
0.0%
N/A
0.9%
1.4%
1.4%
56 inmates

NA
(6.4)%
(2.6)%
1.5%
18.6%
4.7%
34.4%
1,260 inmates

August/October
August/October

19,916
29,795

(105)
(263)

(181)
402

United States
- Gross Domestic Product
(Chained 2005 dollars, SAAR)
- Consumer Confidence Index (1985 = 100)
- Leading Indicators Index (2004 = 100)
- U.S. Semiconductor Billings (3-month moving average)
- Consumer Price Index, SA (1982-84 = 100)

3rd Quarter 2009
(3rd Estimate)
December
November
Aug-Oct
November

$13.0 trillion

2.2%

(2.6)%

52.9
104.9
$3.66 billion
217.25

4.5%
0.9%
5.9%
0.4%

37.0%
6.0%
14.1%
1.9%

2.4%
0.3%
1.3%
0.2 months
(5.9)%
(5.4)%

(14.5)%
(10.3)%
(18.1)%
(5.6) months
(4.3)%
(9.2)%

13 JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

Summary of Recent Agency Reports
AHCCCS – Semi-Annual Report on Healthcare
Group – Pursuant to A.R.S. § 36-2912, the
Arizona Health Care Cost Containment System
(AHCCCS) submitted its semi-annual report on
the number and types of businesses
participating in Healthcare Group (HCG).
AHCCCS reports that, as of October 2009,
total statewide HCG medical plan enrollment
was 12,680 down by (10,764) from 3 years
prior and down (1,213) from August 1, 2009.
(Aaron Galeener)
ADOA/GITA – Quarterly Report on AZNet
Implementation – In December 2004, the Joint
Committee on Capital Review requested the
Arizona Department of Administration (ADOA)
and the Government Information Technology
Agency (GITA) to report quarterly on the
Arizona Network (AZNet), as created by the
Statewide Telecommunications Management
Contract. In the first quarter of FY 2010, an
outbound dialing call center program was
launched that notifies Department of
Economic Security unemployment benefit
customers about their claim status. The
FY 2008 annual AZNet Customer Satisfaction
Management Survey received an overall
score of 5.77 (scale of 1 to 8) with a response
rate of 36%, which was very similar to the
FY 2008 survey that received an overall score
of 5.78 with a 34% response rate. ADOA Staff
continue to work with the contractor to
resolve issues regarding billing and support for
Virtual Office Systems, which allow state
workers to access state computers from
remote locations. (Leatta McLaughlin)
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 state and federal domestic
violence funds. There is a total of $23.9
million currently used by 6 state entities for
domestic violence services, a decrease of
$(2.2) million, or (8.4)%, from FY 2008. (Jay
Chilton)
Department of Education – Budget Status
Report – Pursuant to A.R.S. § 35-131D and a
footnote in the FY 2010 General Appropriation
Act, the Arizona Department of Education
(ADE) recently provided an update regarding
its budget status for FY 2010. In that report,
ADE estimates that it will experience a $(55.0)
million net funding shortfall for formula
programs for FY 2010. This figure is preliminary

in nature, as current year data on enrollment
counts are not yet available. The final budget
status for ADE for FY 2010 will depend on 100th
Day Average Daily Membership (ADM) counts
from public schools for the current year, which
will not become available until late spring
2010. ADE also reports an estimated $(0.4)
million non-formula shortfall for English
Language Learner testing costs for FY 2010.
(Steve Schimpp)
Department of Environmental Quality – Report
on Particulate Enforcement – Pursuant to
Laws 2007, Chapter 292, Section 23, Maricopa
County and cities within the county are
required to report on efforts to reduce
particulate pollution. The county and 10 of 23
cities have submitted reports to JLBC as of
December 21. Reports were not received
from Apache Junction, Carefree, El Mirage,
Fountain Hills, Gilbert, Goodyear, Guadalupe,
Litchfield Park, Paradise Valley, Peoria, Queen
Creek, Scottsdale, Tolleson, and Youngtown.
The submissions show that a total of 5 miles of
streets and 18 miles of alleys have been
paved or stabilized since the last reports were
issued in June. There were a total of 5,025
violations. (Dan Hunting)
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 Fund (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.
For FY 2009, the State Mine Inspector has
recently reported that the AMSF had
revenues of $50,000, all coming from its
appropriation. The State Mine Inspector
secured 264 mines covering 47 mine sites
during FY 2009, at a total cost of $31,900. The
Mine Inspector has completed preliminary
planning for an additional 84 projects across
17 mine sites, with an estimated cost of
$94,500. (Ted Nelson)
Arizona Board of Regents/Arizona Community
Colleges – Report on Articulation – Pursuant to
A.R.S. § 15-1824, the Arizona Board of Regents

14 JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

Summary of Recent Agency Reports
and the community colleges are
required to submit an annual report
by December 15 of their progress
on both articulation and meeting
statewide postsecondary
education needs.
This year’s progress in implementing
the transfer model and support
systems include:
•

More than 6,100 community
college students completed the
Arizona General Education
Curriculum, which satisfies lower
division general education
requirements at the universities.
This is a 17% increase over last
year and a 200% increase over
2002 (when tracking first
began).
•
A new statewide website was
launched in August 2008, which
is reported to have a new look,
clearer information on transfer
and articulation, and easier
navigation. Redesigning the
website was one of the
recommendations in the study
of Arizona’s articulation system
com-pleted in 2007. Since the
redesign of the website, web
usage has increased by 24%.
•
In November 2009, Arizona was
awarded a $1.5 million grant
under the Making Opportunity
Affordable Initiative. This grant
will be used to address
accessibility and affordability
through new institutional
models and enhanced online
student advising tools.
(Kim Cordes-Sween)

Arizona Board of Regents – Report
on Credit Hour Threshold FTE Student
Counts – Pursuant to A.R.S. § 151626, the Arizona Board of Regents
(ABOR) is required to report by
October 15 on the number of
students that met or exceeded the
undergraduate credit hour
threshold. ABOR reports that 289.2
full-time equivalent (FTE) students
were over the 145 credit hour
threshold in the fall 2009 semester.
This represents a decrease of (13.1)
FTE students over the fall 2008
semester. (Kim Cordes-Sween)

Arizona Board of Regents – Report
on University System’s Financial Aid
– Pursuant to A.R.S. § 15-1650, the
Arizona Board of Regents is required
to submit an annual report on
financial aid. Highlights from the
FY 2009 report include:
•

Approximately $1.3 billion in
total financial aid was provided
to students.
•
Of this amount, $589.5 million
(46.7%) came from federal
sources, $432.9 million (34.3%)
came from state institutional
sources, $224.7 million (17.8%)
came from private sources, and
$15.1 million (1.2%) came from
state scholarships, grants and
loans.
•
A total of 107,027 students
received aid, including 77,933
undergraduate students and
23,094 graduate students.
•
Of the undergraduate students
receiving aid, 21,062 received
non-need-based gift aid, 35,679
received need-based gift aid,
and 31,547 were awarded
miscellaneous types of non-gift
aid (i.e. work study). Some
students received multiple types
of aid.
•
The average aid package was
$9,265, which includes both
need and non-need-based aid.
•
50.3% of undergraduate
students and 50.1% of graduate
students have debt.
•
Upon graduation, the average
undergraduate student debt
was $19,110, while the average
graduate student debt was
$36,190.
(Kim Cordes_Sween)
Arizona Board of Regents – Report
on Loan Forgiveness Program –
Pursuant to A.R.S. § 15-1782, the
Arizona Board of Regents (ABOR)
recently reported on the progress of
the Mathematics, Science, and
Special Education (MSSE) Teacher
Loan Forgiveness Program. The
program allows ABOR to grant up to
5-year loans to eligible in-state
students who agree to a service
commitment to teach in a public
school.

(Continued)

For 2008-2009 academic year, there
were 115 recipients. This total
includes 41 loan renewals, 55 new
fall 2008 recipients, and 19 new
spring 2009 recipients. Of the MSSE
recipients, 48 are studying
mathematics, 21 are studying
science, and 46 are studying
special education. Teacher
retention data is not yet applicable,
since the program began in spring
2008.
A total of $527,332 was dispersed to
students under the loan forgiveness
program in FY 2009. (Kim CordesSween)
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 2011 and FY 2012 for the New
School Facilities, Building Renewal,
and Emergency Deficiencies
Correction Programs.
In FY 2011, SFB estimates a total
funding requirement of
$347,378,200, including $112,662,800
for the New School Facilities
Program and $234,715,400 for the
Building Renewal Program. The new
construction estimate assumes the
current building moratorium is lifted
in FY 2011. The Building Renewal
amount is based on the current
statutory formula, which was
suspended in FY 2010 in favor of a
$3,000,000 discretionary grant
program.
For FY 2012, the board estimates it
will need funding in the amount of
$470,186,900. Of this total,
$212,000,000 is for the New School
Facilities Program and $258,186,900
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 2011 or FY 2012 due to insufficient
monies in the New School Facilities
Fund. (Jack Brown)

15 JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009
Table 8

Agency
Department of Administration
Office of Administrative Hearings
Department of Agriculture
AHCCCS
Arizona Commission on the Arts
Attorney General
AZ Capital Post Conviction Public
Defender
State Board of Charter Schools
State Bd. of Chiropractic Exam.
Department of Commerce
Community Colleges
Corporation Commission
Department of Corrections
AZ Criminal Justice Commission
AZ State Board of Cosmetology
AZ St. Schools for the Deaf & Blind
Dept. of Economic Security
Department of Education
DEMA
Dept. of Environmental Quality
DEQ-WQARF
Office of Equal Opportunity
State Board of Equalization
Board of Executive Clemency
Dept. of Financial Institutions
Department of Fire, Life, Bldg Safety
State Board of Funeral Directors
Arizona Geological Survey
Government Information Tech.
Governor
Department of Health Services
Arizona Historical Society
Prescott Historical Society of AZ
Independent Redistricting Comm.
AZ Commission of Indian Affairs
Department of Insurance
Judiciary
Supreme Court
Court of Appeals
Dept. of Juvenile Corrections
State Land Department
Law Enforcement Merit System
Legislature
Auditor General
House of Representatives
Joint Legislative Budget Comm.

General Fund Spending
($ in Thousands)
Change from
Nov 09
Nov 08
(2,418.6)
1,665.1
48.3
(9.1)
522.6
(1,711.4)
98,589.4
(35,938.5)
62.6
(77.0)
927.4
994.4
75.6
14.6

Year-to-Date
9,243.5
513.8
4,888.4
615,861.0
332.3
9,931.1
301.8

YTD Change from
FY ‘09
(9,748.4)
(163.4)
(1,284.1)
(60,910.0)
(242.2)
(2,526.4)
(70.2)

377.6
148.0
1,625.5
66,213.2
222.7
341,502.6
(4.6)
252.0
9,617.2
443,874.8
1,965,908.5
4,067.8
2,558.4
7,000.0
110.5
336.7
550.5
1,751.1
1,216.0
100.0
396.5
219.8
4,735.2
284,676.6
2,365.7
264.4
25.5
58.1
3,056.4

(93.7)
148.0
(23,064.8)
(6,404.8)
(2,256.2)
(23,499.6)
(786.2)
252.0
(659.9)
(103,575.3)
398,928.5
(556.7)
(73.8)
(6,000.0)
(1.7)
(91.4)
(38.7)
(204.7)
(448.9)
100.0
16.8
(335.6)
230.9
(195,391.5)
(472.8)
(108.3)
(98.6)
(32.4)
(710.1)

35.3
1,090.4
32.2
58,453.2
252.0
357.7
34,905.9
373,247.2
757.8
349.4
27.3
46.5
47.7
183.4
20.6
42.7
32.4
1,322.7
11,140.4
139.7
32.4
0.7
46.6
313.6

(41.3)
(21,723.5)
(328.7)
(5,210.2)
(64.5)
252.0
514.9
24,216.6
302,942.0
(21.9)
1,044.1
24.2
(2.4)
(9.8)
(81.6)
(173.8)
(10.3)
(168.5)
938.8
(13,418.2)
(69.2)
(10.4)
(43.6)
30.4
(236.3)

2,815.2
1,835.4
4,511.1
993.7
5.5

220.5
910.8
(382.6)
194.4
(1.0)

50,412.4
6,872.7
34,265.1
7,432.0
37.2

(2,961.2)
469.3
(1,144.6)
(1,739.8)
1.1

1,110.5
717.0
152.4

(14.5)
(29.9)
(6.7)

7,329.2
5,806.8
1,126.9

(944.6)
225.2
(74.3)

16 JLBC – MONTHLY FISCAL HIGHLIGHTS – DECEMBER 2009

Legislative Council
AZ Library and Archives
Senate
Dpt. of Liquor Licenses
Board of Medical Student Loans
Mine Inspector
Dpt. of Mines & Mineral Resources
Nav. Streams & Adjudication
State Board of Nursing
OSHA
Board of Osteopathic Examiners
Arizona State Parks Board
Personnel Board
Arizona Pioneers Home
Comm. for Postsecondary Ed.
State Board of Psychologist Exam.
Department of Public Safety
Arizona Department of Racing
Radiation Regulatory Agency
Arizona Rangers Pension
Real Estate Department
Department of Revenue
School Facilities Board
Secretary of State
Tax Appeals Board
Office of Tourism
Department of Transportation
State Treasurer
Universities
Board of Regents
Arizona State University
Northern Arizona University
University of Arizona
Department of Veteran Services
AZ State Veterinary Medical
Examining Board
Department of Water Resources
Dept. of Weights & Measures
Other
Grand Total

272.3
583.0
517.9
76.1
49.1
71.8
37.1
5.1
81.8
1,805.7
124.0
(27.3)
1.2
200.5
1,003.6
77.2
522.0
16.3
117.8

(1,034.5)
(105.2)
(5.8)
(107.6)
30.3
(30.8)
(36.0)
(21.4)
(10.0)
(553.9)
(19.8)
81.1
634.3
(50.1)
(32.0)
(68.5)
(3,659.7)
(32.9)
279.3
0.4
(3.4)
-

2,667.4
2,834.1
4,125.2
736.0
432.2
633.5
372.9
79.8
4.0
100.0
21,900.3
887.9
300.0
40,120.2
3,257.8
771.3
5.8
1,871.6
18,061.3
82,096.2
1,411.2
132.1
200.0
32.8
1,296.0

(5,337.5)
(1,157.9)
220.9
(1,515.6)
(177.3)
(107.6)
119.3
(50.5)
(62.0)
4.0
100.0
(2,188.7)
(177.4)
(4.0)
(2,467.3)
300.0
15,804.6
1,968.0
(199.0)
0.1
(347.4)
(16,135.7)
(118,041.5)
(702.5)
(7.1)
200.0
(1.3)
8.5

3,832.2
33,696.4
11,375.7
29,403.9
1,199.4
-

3,586.9
(11,144.1)
(2,087.6)
1,520.0
732.1
-

14,255.3
211,929.7
71,341.9
184,667.8
3,609.5
250.0

1,212.2
11,847.4
4,025.2
10,370.6
17.7
250.0

1,081.4
79.8
2,767.1
685,880.4

74.7
(19.7)
(11,394.2)
226,617.2

7,856.8
622.3
21,823.7
4,598,267.1

2,297.8
(103.7)
385.2
(146,012.4)