JLBC - Monthly Fiscal Highlights
Summary

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

www.azleg.gov/jlbc.htm

“Year-to-date,
revenues are
(13.9)% below
the prior year,
and $(33.7)
million below the

March 2010

After breaking several downward trends in
January, the state’s February revenue
collections returned to being below forecast.
February General Fund revenue collections
were $237.1 million. January was the first
month above forecast since March 2007.
February collections, however, were $(48.0)
million below forecast, which results in a yearto-date decline of ($33.7) million.
January was the first single digit percentage
revenue loss since September 2008. February
at least continued that trend, with collections
(1.6)% below the prior year. The year-to-date
decline is (13.9)%. (See page 2 and page 7 for
more information.)
Beginning with this March report, we are
comparing actual revenue collections to the
enacted March budget forecast. The
enacted budget forecast assumes a revenue
decline of (9.4)% in FY 2010.
February 2010 General Fund spending was
$539.8 million. February expenditures were
lower than the prior year due in part to
federal stimulus from the American Recovery
and Reinvestment Act. Year-to-date
spending is ($319) million less than the prior
year.
In February, state expenditures outpaced the
rate of revenues. February is traditionally a low

revenue month. General Fund expenditures
exceeded revenues by $302 million for the
month. Fiscal year-to-date, General Fund
revenues are $5.04 billion compared to
spending of $6.75 billion, for a 8-month deficit
of $(1.71) billion.
Daily borrowing held steady through March,
averaging $686 million. This stability is due in
part to the Treasurer’s policy of maintaining a
balance of up to $300 million with the servicing
bank. The bank balance has fluctuated
between $75 million and $300 million throughout the month. When maintaining the $300
million balance would require the state to
exceed the $700 million limit on its commercial
lending contract, the Treasurer reduces the
amount on deposit to stay under the cap.
Other Budget News
The Legislature passed the FY 2011 budget,
which was signed by the Governor on the 67th
day of session (March 18th). This was the
earliest approval since 1993, when the budget
was signed on the 65th day.
Congress also enacted federal health care
legislation, which will have a significant impact
on the state. Both the state budget and the
health care legislation are summarized below.
JCCR also favorably reviewed the Phoenix

March forecast.”

Table of Contents
Summary
•
•
•
•

7th Special Session Budget Actions................. 3
Federal Health Care Legislation ...................... 3
Higher Education Financing Aid ...................... 4
Arizona State Retirement System ..................... 4

February Revenues ................................................ 5
This report has been
prepared for the Arizona
Legislature by the Joint
Legislative Budget
Committee Staff on March
31, 2010.

Economic Indicators.............................................. 8
JCCR Meeting Summary
• Game & Fish – Flagstaff Shooting Range ..... 13
• ABOR – Phoenix Biomedical Campus........... 14

Summary of Recent Agency Reports
AHCCCS – Systematic Alien Verification...... 14
AHCCCS – Healthcare Group........................ 14
DES - LTCDD Capitation Rates........................ 14
ADE – Budget Status Report............................ 14
DHS – Capitation Rates.................................... 14
Commission on Indian Affairs – Indian Town
Hall Fund............................................................. 14
• DOR - Temporary Collectors ........................... 14
• DOR - Withholding Tables................................ 15
• Secretary of State – Elections Systems .......... 15
•
•
•
•
•
•

2

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Summary

(continued)

Table 1

February
Year-to-Date

General Fund Revenues
Compared to Forecast and FY 2009 Collections
($ in Millions)
FY 2010
Difference From
Difference From
Collections
Sept ’09 Forecast 1/
Mar ’10 Forecast 2/
$ 237.1
$ (64.5)
$ (48.0)
$ 5,035.5
$ (650.8)
$ (33.7)

Difference
From FY 2009
$ (166.3)
$ (160.3)

____________
1/ Enacted FY 2010 budget (September 2009).
2/ Enacted March budget forecast.

Medical School Expansion (see page 13).

“…the 2008-2009
downturn was
even worse than
originally
projected as the
Department of
Commerce
released revised
employment
figures for that
time period.”

The state also received favorable news about
the Arizona State Retirement System, which
appears better funded than most states (see
page 4).

•

Economic Indicators
In general, this month's economic indicators
continued to indicate a stabilizing economy,
albeit at low levels compared to our FY 2007
economy (see page 8). While the unemployment rate rose, almost 20,000 new jobs were
created in February. Unfortunately, the 20082009 downturn was even worse than originally
projected as the Department of Commerce
released revised employment figures for that
time period. Since the December 2007 high
point, employment has declined by 324,000
jobs, or almost 12% of the workforce.
Housing prices continue to stabilize but there
are on-going concerns about the supply of
homes. Some of the current benchmarks of
housing supply do not appear to capture the
magnitude of the problem. While not formally
offered for sale, many potential foreclosure
and short-sales seem on the verge of entering
the market.

FY 2010 Spending
February 2010 spending of $539.8 million was
$(143) million below February 2009 (see page
16). For the year-to-date, spending of $6.7
billion is ($319) million below 2009 (See Table
2).

•

The Arizona Department of Education
(ADE) has spent $3.0 billion year-to-date
in 2010, or $349 million more than 2009. In
February, ADE spending was ($25.8)
million lower than the prior year. The year
to date increase over last year is primarily
due to ADE having made one more
payment to districts in FY 2010.

•

Spending in AHCCCS, DHS, and DES was
a combined ($57.4) million less in February
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
varying degrees by enhanced federal
match from the federal stimulus
legislation.

•

School Facilities Board (SFB) spending in
February was ($22.1) million less than in
February 2009. Year-to-date SFB
spending is ($83.8) million below FY 2009.
These reductions are due to technical
revisions.

FY 2010 Revenues
While revenues only declined (1.4)% in
February, results varied between the two main
tax categories (see page 5).

•

February sales tax collections were down
(8.4)% compared to February 2009.
Continuing the trend of the last several
months, the retail and contracting results
diverged substantially. February retail
collections were down (5.8)% compared
to the prior year, while contracting was
down (39.6)%.

February individual income tax collections
were $55.6 million above February 2009
due primarily to a high level of refunds in
February of the prior year. In addition,
withholding tax collections were 6.3%
above last year, breaking a string of 16
consecutive months of year-over-year
declines.

3

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Summary

(continued)

Table 2
General Fund Spending ($ in Millions)

Feb 10

“The

7th

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

Special

Session
produced $2.65
billion of
solutions, leaving
an ending

Total

Change
from Feb 09

Year to
Date

YTD Change
from FY 09

102.9
58.6
(17.4)

(26.3)
(12.4)
(26.8)

947.5
566.8
507.1

(137.1)
(33.2)
(152.5)

283.4
9.3
1.6
2.3

(25.8)
(4.3)
(5.0)
(22.1)

3,000.7
402.7
40.1
104.0

349.1
(129.4)
(1.4)
(83.8)

73.5
25.6

(14.7)
(5.6)

708.4
472.0

(14.3)
(116.4)

539.8

(143.0)

6,749.3

(319.0)

balance of $73.8
million, of which

7th Special Session Budget Actions

$72.8 million was

On March 18, the Governor signed budget
bills passed in the 7th Special Session. Prior to
the Special Session, the FY 2010 shortfall was
estimated at about $(700) million. The budget
legislation produced $749 million of solutions,
yielding an estimated FY 2010 ending
balance of $49 million. The solutions included
the following:

set aside as a
contingency.”

•
•
•
•
•

$450 million in rollovers - $350 million for
the K-12 system and $100 for universities
$110 million from net agency spending
reductions
$48 million from reducing the estimated
sales tax payment threshold temporarily
$37 million from fund sweeps
$104 million from adopting the Executive’s
higher revenue estimates. As noted
above, revenue figures in this report are
discussed in reference to these new
estimates.

In addition, the estimated FY 2011 shortfall
was approximately $2.58 billion. The 7th
Special Session produced $2.65 billion of
solutions, leaving an ending balance of $73.8
million, of which $72.8 million was set aside as
a contingency. The enacted budget
included the following solutions:
•

$1.0 billion due to various revenue
proposals, most of which would be
generated by voter approval of the

•

•

•
•
•
•

temporary one-cent sales tax increase
($918 million) in the May election.
$1.09 billion in new spending reductions –
The two largest reductions are to
AHCCCS ($435.3 million) and ADE ($292.6
million)
$487.5 million in new fund transfers, 2 of
which require voter approval in the
November General Election: $325 million
from the repeal of the Early Childhood
Development and Health Board and
$123.5 million from the transfer of
expended monies in the Land
Conservation Fund
$62.4 million due to lower than expected
formula and caseload growth
$60 million from refinancing outstanding
debt issued by the School Facilities Board
$48 million from the FY 2010 carry-forward
balance
$44.2 million from adopting the
Executive’s higher revenue estimates.

Other Issues
Federal Health Care Legislation
The federal government recently enacted
health care legislation. This legislation will
have several effects on the Arizona Health
Care Cost Containment System (AHCCCS)
and related programs over the next decade.
JLBC Staff developed 2 sets of preliminary
cost estimates. The first estimate is relative to
the FY 2010 base, which fully funded the Prop
204 and KidsCare programs. From this

4

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Summary

(continued)

perspective, the legislation is projected to
save the state $(220) million from the General
Fund in FY 2015. This savings grows to $(448)
million by 2020. The cumulative 10-year
savings is $(2.3) billion through FY 2020.
Relative to FY 2011 budget, however, the
federal legislation would likely impose a cost.
The FY 2011 eliminated KidsCare beginning
June 15, 2010 and eliminated General Fund
support of the Proposition 204 population
beginning January 1, 2011. The federal health
care legislation requires that states maintain
their current programs as of March 23, 2010.
As part of qualifying for any federal Medicaid
match, the state would be required to restore
these 2 populations.
The FY 2011 budget included $(385) million in
half year savings from eliminating General
Fund Proposition 204 support on January 1,
2011 when the federal government’s
enhanced federal match under the federal
stimulus legislation concludes. Congress is
currently considering legislation to extend the
stimulus enhanced match rate for another 6
months to June 2011. If that legislation is
approved, the state would save $(393) million
relative to the enacted budget, which would
offset the cost to restore the Proposition 204
program.
Restoring Proposition 204 and KidsCare would
cost $948 million from the General Fund in
FY 2012 and further grow in 2013. Beginning in
2015, total net costs fall to $826 million and
continue to decline to $788 million in FY 2020,
as the state begins receiving an enhanced
federal match rate for part of the existing
Proposition 204 population. The cumulative
10-year cost is $7.5 billion through FY 2020.
The bill has several impacts on states,
including:
•

•

Expands Medicaid eligibility for all
individuals up to 133% of the Federal
Poverty Level ($29,300 for a family of 4).
The federal government will pay between
90%-100% of costs for newly eligible
adults.
Increases the federal match rate for
Proposition 204 childless adults, ranging
from 83%-93% in FY 2014-2020. Otherwise,
the federal government would pay
approximately 65% percent of costs.

•

•

Allows young people to remain on their
parent's health plan through age 26.
Statutory changes will be required to
reflect this change for state health
employee insurance.
Creates exchanges by 2014 in which
individuals and small business could
purchase insurance, requires oversight of
health insurance plans, and establishes
an office of health insurance consumer
assistance or ombudsman program.

Higher Education Financial Aid
The recently enacted health care legislation
also included provisions affecting the higher
education financial aid system. These
provisions:
•

Replace the current system of student
loans funded through private financial
institutions with student loans that are
made directly with the Department of
Education. This revision will eliminate
subsidies previously paid to financial
institutions.

•

Increase the maximum Pell Grant will
increase from $5,550 in 2010 to $5,900 in
2017.

Arizona State Retirement System Funding
Levels
A Public Sector Retirement Benefits report
issued by the Pew Center last month graded
Arizona as one of 16 "Solid Performer" states in
the pensions category and one of 9 "Solid
Performers" in the retiree health care and nonpension benefits category.
According to the report, Arizona has funded
80% of its total pension liability, which is at the
minimum benchmark the U.S. Government
Accountability Office says is preferred by
experts. Twenty-one states were funded
below the 80% benchmark at the end of
FY 2008.
Non-pension obligations, or Other PostEmployment Benefits (OPEB), are benefits
other than a pension that are earned by an
employee during employment, such as
healthcare after retirement, life insurance, or
disability or long-term care benefits. The state
of Arizona offers one direct OPEB: a retiree

5

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Summary

(continued)

Health Insurance subsidy. Additionally,
retirees who remain in the ADOA health
insurance system also receive an indirect
subsidy as their health insurance costs are
pooled with active employees.
The Pew report found that Arizona was 1 of 2
states that had more than 50% of the assets
needed to fund non-pension obligations, as
of the end of FY 2008. Many states treat the

future obligations on a pay-as-you-go basis,
although the benefits are earned over years
of employment. All states set aside pools of
assets for long-term pension liabilities;
however, 95%, or $555 billion, of the OPEB
obligations from all states were unfunded at
the end of FY 2008.

February Revenues

“The February
decline [in sales
tax] marked the
25th consecutive
month of yearover-year
reductions…[but]
broke a string of
15 consecutive
months of double
digit declines....”

Sales Tax collections were $257.0 million in
February. These revenues were down (8.4)%
compared to last February, and were $(10.2)
million below the forecast. The February
decline marked the 25th consecutive month of
year-over-year reductions. However, the (8)%
February decline broke a string of 15
consecutive months of double digit declines
compared to the previous year.
Table 3 displays the February growth rates for
the largest categories.

compared to the prior year. The Motor
Vehicles category was down (8.8)% compared
to January 2009. The Motor Vehicle category
continues to improve each month from the
(32.9)% decline for all of FY 2009 (see Table 5).
Individual Income Tax net revenues were $13.7
million in February. Collections were up $55.7
million compared to the prior year, but were
$(22.0) million below the forecast. Year-todate collections are down by (7.8)%.
As indicated in Table 4 below, withholding tax
payments increased by 6.3% in February.

Table 3

Sales Tax Growth Rates
Compared to Prior Year
Retail
Contracting
Utilities
Use
Restaurant & Bar

Feb
(5.8)%
(39.6)%
1.6%
(13.0)%
(1.3)%

Table 4

YTD
(7.9)%
(40.6)%
0.6%
(22.4)%
(3.6)%

As noted in previous months, retail and contracting together account for about 30% of all
sales tax revenues. The retail sector decreased
by only (5.8)% in February. However,
contracting continued its poor performance,
with a (39.6)% decrease compared to
February of last year.
Retail and contracting are in the third year of
decline. Collections in the retail category are
down (25.2)% compared to February 2007, and
the contracting category is down (65.9)% for
the same period.
Within the retail category, General
Merchandise and Miscellaneous Retail were
down (3.4)% in January (latest available data)

Individual Income Tax Growth Rates
Compared to Prior Year
Withholding
Estimated +
Final Payments
Refunds

February
6.3%
(4.8)%

YTD
(4.5)%
(26.6)%

(13.9)%

(9.3)%

February estimated and final payments were
(4.8)% below last year, and about equal to the
forecast. Year-to-date, payments are (26.6)%
below last year. As we noted last month, while
payments are down significantly for the first
portion of the fiscal year, April final payments
are key to individual income tax collections for
the year. Approximately 80% of final individual
income tax payments are collected after April
15th.
February refunds totaled $(256.5) million, which
was (13.9)% below the prior year, and a $(31.2)
million loss relative to the forecast. Year-todate, refunds are (9.3)% below the prior year.

6

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

February Revenues
Table 5

“Year-to-date,
total HURF
collections of
$784.7 million are
down $(44.5)
million or (5.4)%
compared to the
prior year.”

(Continued)

January YTD 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
31.0%
20.1%
7.4%
7.5%
6.9%
5.8%
5.5%
15.8%
100.0%

% Change
Over FY 2009
(3.4)%
(8.8)%
(5.7)%
(5.6)%
(17.5)%
(6.3)%
(21.6)%
(11.8)%
(8.2)%

Corporate Income Tax net collections were
$(4.6) million in February, as refunds exceeded
collections. This amount was $(12.2) million
below the forecast for the month. February is a
relatively small collection month for the
corporate income tax category; however,
gross payments were down (66.7)% compared
to the prior year, while refunds were almost
double. Year-to-date, corporate collections
are (57.3)% below last year.

primarily goes to AHCCCS and the
Department of Health Services to defray the
General Fund cost of operating those
programs.

The Lottery Commission reports that ticket sales
for the month of February were $46.2 million,
which is $(285,000) below sales in February
2009, a decrease of (0.6)%. Year-to-date,
ticket sales of $350.2 million are $40.9 million or
13.2% above last year.

HURF collections of $100.4 million in February
were up $1.6 million or 1.6% compared to
February of last year. Year-to-date, total HURF
collections of $784.7 million are down $(44.5)
million or (5.4)% compared to the prior year.

While ticket sales have increased $40.9 million
above last year at this time, distributions to
state beneficiaries are down $(10.0) million. As
we have noted in previous months, it appears
that sales have increased as prize payouts
have increased (which reduces payments to
state beneficiaries).
The deposit of lottery monies to the state’s
General Fund for February was made after the
books were closed for the month, and will
appear in March’s activity.
Non-General Funds
Tobacco Tax revenues were $24.6 million in
February. Collections were up 16.4%
compared to the prior year, and were $6.2
million above the estimate for the month.
Year-to-date collections are down by (13.6)%.
Less than 10% of tobacco taxes are deposited
directly into the General Fund. The remainder

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.

7

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Table 6

State of Arizona
General Fund Revenue:

Change from Previous Year and March Budget Forecast
February 2010
Current Month

FY 2010 YTD (Eight Months)

Change From
February 2009

Actual
February 2010

Percent

Amount

Change from
Forecast
Percent

Amount

February 2009

Actual
February 2010

Forecast

Percent

Amount

Percent

Amount

Taxes
Sales and Use
Income - Individual
- Corporate
Property
Luxury - Tobacco
- Liquor
Insurance Premium
Estate
Other Taxes
Sub-Total Taxes

$256,963,944

($23,710,650)

(8.4) %

($10,197,388)

$2,268,906,194

($370,845,554)

(14.0) %

($19,703,656)

13,744,413

55,664,212

--

(22,047,329)

(61.6)

1,793,149,458

(151,574,494)

(7.8)

(18,120,344)

(4,646,425)

(38,977,274)

--

(12,181,246)

--

143,202,076

(192,327,683)

(57.3)

11,611,648

8.8

11.7

(35,822)

(9.9)

12,397,959

1,417,641

12.9

161,732

1.3

325,178

33,997

(3.8) %

(0.9) %
(1.0)

1,705,666

(114,426)

(6.3)

(599,334)

(26.0)

16,842,234

(3,333,314)

(16.5)

(1,447,048)

2,644,031

560,964

26.9

(76,014)

(2.8)

18,793,346

(352,785)

(1.8)

(714,661)

(3.7)

1,729,689

1,563,206

(1,160,311)

(40.1)

175,487,859

(1,858,434)

(1.0)

0

0

38,992

8,264

--26.9

$272,505,488

($4,971,707)

(1.8) %

0

(1,724,000)

(100.0)

1,337,322

(591,764)

(30.7)

(714,471)

--

0
9,992
($46,287,452)

-34.5
(14.5) %

11,596,048

7.1

384,828

259,495

207.0

51,444

555,808

169,105

43.7

40,899

$4,429,719,762

($704,991,541)

(13.7) %

($29,978,420)

(7.9)

15.4
7.9
(0.7) %

Other Revenue
Lottery
License, Fees and Permits
Interest

(464,148)

(100.0)

19,084,700

(7,849,300)

(29.1)

19.4

16,849,028

(4,746,504)

(22.0)

955,700

6.0

647,053

(9,148,989)

(93.4)

(527,484)

(44.9)

102.6

20,124,182

(10,435,966)

(34.1)

2,691,292

15.4

(29.8)

24,307,963

(964,706)

(3.8)

(2,366,702)

(8.9)

--

0

0

(1,043,641)

(61.4)

34,128,795

4,192,869

3.6 %

(1,695,273)

(13.6) %

115,141,721

(28,952,596)

(1.6) %

($47,982,725)

(14.5) %

$4,544,861,483

($733,944,137)

Sales and Services

7,090,428

3,914,938

123.3

Other Miscellaneous

2,104,766

1,798,132

586.4

0

0

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

656,359
10,724,727
$283,230,215

(2,308,563)
374,272
($4,597,435)

-(77.9)

(3,100,000)
217,322
(464,148)
3,590,428
(895,234)
0

--

-14.0

(2,652,900)

0

(12.2)

--

(1,862,843)

(5.2)

(20.1) %

(3,762,937)

(3.2) %

(13.9) %

($33,741,357)

(0.7) %

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

(52,387,052)
6,256,899
0
(46,130,153)
$237,100,062

8,252,731
(169,974,776)
0

--

0

0.0

(419,096,419)

66,021,847

(96.4)

0

0.0

174,355,280

(227,798,187)

--

0

0.0

(56.6)

0

0.0

--

0

--

735,419,300

735,419,300

--

0

0.0

(161,722,045)

-- %

0

0.0 %

490,678,161

573,642,960

-- %

0

0.0 %

($166,319,480)

(41.2) %

($47,982,725)

(16.8) %

$5,035,539,644

($160,301,177)

(3.1) %

($33,741,357)

(0.7) %

Non-General Funds
Highway User Revenue Fund

$100,422,000

$1,593,000

1.6 %

($5,530,000)

(5.2) %

$784,678,000

($44,464,000)

(5.4) %

($29,798,000)

(3.7) %

Tobacco Tax (All Funds Total)

$24,643,322

$3,470,822

16.4 %

$6,213,982

33.7 %

$218,096,627

($34,264,382)

(13.6) %

$4,364,997

2.0 %

8

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Economic Indicators

“Real GDP
growth in the 1st
quarter of 2010
has likely slowed
due to the fading
impact of the
inventory cycle.
Most analysts
expect a growth
rate in the 2.5%
to 3.0% range.”

According to the U.S. Department of
Commerce Bureau of Economic Analysis (BEA),
the third and final estimate of the U.S. Real
Gross Domestic Product (GDP) for the 4th
quarter of 2009 was revised down from 5.9% to
5.6%. The growth in real GDP was primarily
driven by the inventory cycle. Final sales,
which excludes inventories and is therefore an
arguably better measure of the underlying
path of the economy, increased by 1.7%, a
downward revision of 0.2% from the previous
estimate. Real GDP growth in the 1st quarter of
2010 has likely slowed due to the fading
impact of the inventory cycle. Most analysts
expect a growth rate in the 2.5% to 3.0% range.
In March, the Conference Board’s U.S.
Consumer Confidence Index increased to 52.5,
up 6.1 points from a revised February level of
46.4. Since May 2009, this measure has been
somewhat volatile month-to-month and has
bounced between the mid 40’s and the mid
50’s. In March, the report suggests those
surveyed had a less pessimistic view of current
day conditions and a less negative view in the
short-term. Views of business conditions and
the labor market, however, continue to be
unfavorable overall.
In February, the Conference Board’s U.S. Index
of Leading Economic Indicators increased to
107.6, which is 0.1% above the revised January
level, and 9.6% above the index a year ago.
The index, designed to anticipate economic
activity 3 to 6 months in advance, has now
increased for 11 consecutive months. In
January, 4 of the 10 components that make up
the composite index advanced, relative to the
prior month, with interest rate spreads and real
money supply having the greatest increase.
Consumer prices, as measured by the U.S.
Consumer Price Index (CPI), were unchanged
in February after 5 consecutive months of
month-over-month increases of 0.2% .
Compared to the same month in the prior
year, the CPI was up by 2.2%. The core CPI,
which excludes food and energy prices, rose
by 0.1% in February and was 1.3% above last
year’s level.
The Semiconductor Industry Association (SIA)
reported that Semiconductor Billings (3-month
moving average) in the U.S. were $3.76 billion

in January, a (1.9)% decrease from the prior
month but a 48.2% improvement over January
2009 levels. According to SIA, the marked
improvement in semiconductor sales reflects
increased demand for a range of “demand
drivers” of semiconductors, including personal
computers, cell phones, automobiles, and
industrial applications.
ARIZONA
The Federal Reserve Bank of Philadelphia’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 January state coincident index for Arizona
increased by 0.1% over the prior month’s
reading. The index was down by (5.0)%
compared to same month last year and
(11.2)% off its peak reading in August 2007. The
national index also rose by 0.1% in January and
was (2.8)% below last year’s level. The Fed
reported that the index increased in 19 states,
decreased in 23 states, and remained
unchanged in the remaining 8 states last
month.
The graph below shows the history of the
Arizona coincident index.
Arizona Coincident Economic Activity Index
230

220
(July 1992 = 100)

NATIONAL

210

200

190
Jul-06

Jan-07

Jul-07

Jan-08

Jul-08

Jan-09

Jul-09

Jan-10

Jul-10

The federal Bureau of Economic Analysis (BEA)
recently reported that Arizona personal
income was $218.1 billion in the 4th quarter of
2009. This was a 1.1% increase over the prior
quarter but a (1.8)% decline compared to the
same period in 2008. On a calendar year

9

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Economic Indicators

(Continued)

basis, Arizona personal income fell by (2.7)% in
2009. According to the BEA, only 8 states had
a steeper decline in personal income growth in
2009. Arizona per capita personal income was
$32,935 in 2009, a (4.1)% decline over the prior
year. The state’s per capita personal income
was ranked 43rd in the nation in 2009.
Employment

“The state has
shed (11.9)% of
its workforce, or
(323,700) jobs,
since the
recession started
in December
2007.”

The annual revision of employment data was
completed in the first week of March. By
benchmarking the previous two years’
employment estimates to actual
unemployment insurance records, the Arizona
Department of Commerce determined that
job losses in 2009 were considerably worse than
previously reported. The state lost on average
(14,500) more jobs per month than originally
reported. The most significant revisions
occurred in the goods-producing sector of the
economy (manufacturing, construction, and
mining) where the state lost on average
(21,400) more jobs per month than first
believed. As a result of the benchmarking of
employment data, the total loss of nonfarm
jobs since the recession started in December
2007 to December 2009 was revised from
(276,100) to (297,100).
According to latest release of employment
data by Arizona Department of Commerce,
the state added 19,900 nonfarm payroll jobs in
February. This should be compared to the
average increase of 29,400 jobs in the prior 10
years. Year over year, total nonfarm
employment was down by (3.9)%, or (97,100)
jobs. The state has shed (11.9)% of its
workforce, or (323,700) jobs, since the recession
started in December 2007.
The construction sector added 1,300 jobs in
February, the first month-over-month job gain
since August 2007. Year over year,
construction employment is down by (20.1)%,
or (28,200) jobs. With 112,200 construction
workers on the payroll in February, the industry
employed the fewest number of workers since
July 1994. The industry has lost almost 55% of its
workforce since the height of the housing
boom in June 2006.
The manufacturing sector also added 1,300
jobs in February. This was the second time in
the last two and a half years that the
manufacturing sector experienced month-

over-month job gains. Compared to the same
month in 2009, manufacturing employment is
down by (8.0)%, or (12,700) jobs. Manufacturing employment made up 6.1% of all
nonfarm jobs in February. The industry’s
importance as “job engine” has declined
steadily over the last 4 decades. To provide
some perspective, manufacturing employment comprised more than 18% of Arizona’s
workforce in 1969. The comparable figures in
1990 and 2000 were 12% and 9%, respectively.
The state’s unemployment rate in February
increased from 9.2% to 9.5%, the highest figure
since August 2009. At 9.7%, the nation’s
unemployment rate was unchanged from the
prior month.
The Department of Commerce reported that
23,411 initial claims for unemployment
insurance were filed in February, the lowest
number of claims since August 2008. Initial
jobless claims in February fell by (25.8)% over
the prior month. Much of this decline,
however, can be attributed to seasonal
factors (average decline for the same month
in the prior 10 years was (14.4)%). February
marked the fourth straight month with a yearover-year decline in claims. Initial jobless
claims peaked in April when more than 41,000
individuals filed for benefits.
According to Department of Commerce, the
state had a total of 92,691 claimants
receiving unemployment insurance benefits in
February. This figure was (5.6)% less than in
the prior month but 18.9% above the February
2009 level. At the start of the recession in
December 2007, the state reportedly had a
total of 31,973 persons receiving
unemployment insurance benefits. This figure
rose to a record-high of 117,270 in August
2009. Since this time, the total number of
claimants has declined in each successive
month.
Housing
The level of the state’s housing supply
continues to draw interest. The seasonally
adjusted MLS data suggests the month’s
supply of housing indicator increased by 0.5
months between January and February 2010
to 6.5 months. At this level, the supply of
housing is (2.0) months less than it was a year
ago. The indicator reached a high of 16.7

10

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Economic Indicators
months in September 2007 but has averaged
5.2 months since January 1995.
However, the month’s supply of housing
indicator may not accurately capture actual
activity. One drag on recovery for Arizona’s
housing market is an inventory of potential
listings that could be listed for sale within the
next year. A large inventory of potential
listings could cause recovery to slow as
houses flood the market, expanding supply
and stunting any recovery in housing prices.
Several factors are contributing to growing
concerns about the effects of Arizona’s
potential listings. There is an inventory of
homes which have been foreclosed on by
lenders but have not yet been listed for sale.
If this inventory is large enough and lenders list
these homes for sale rapidly enough, this influx
of homes onto the market could stifle
increases in home prices.
Many homeowners who purchased homes
during the latest real estate bubble now
require loan modifications in order to
continue making payments. However, if loan
modifications are not as effective as they
were believed they would be, a higher
number of homes may slip into foreclosure
than was expected.
As a wave of adjustable rate mortgages and
negative amortization loans are scheduled to
reset between now and 2012, it is possible
that a higher amount of homeowners will
become delinquent on their payments or
default on their loans in the near future.
Additionally, there is some concern that
investors who are unable to profitably rent
homes may sell these homes for below market
price.
Strategic defaults could also contribute to a
change in the composition and size of the
shadow inventory. Homeowners who owe
more for their mortgage than their house is
worth may choose to strategically default on
their loan, meaning the homeowner would
cease payments and allow the house to be
repossessed. This can damage the credit
rating of the homeowner but may be a
financially sound decision when contrasted
with fulfilling the loan obligation for a home
with negative equity.

(Continued)

Uncertainty regarding Arizona’s housing
inventory is primarily due to 2 factors. The size
of the inventory is inherently immeasur-able
because data on the number of homes that
will fall into foreclosure in the future does not
exist. Furthermore, it is not possible to
determine how many of the homes that
compose the inventory will actually be listed
for sale in the short term.
Other real estate indicators exhibit signs of
stabilization and improvement. Specifically,
the February 2010 data published by various
sources reflects month-over-month
improvements in all measures tracked;
permitting activity, resale transactions, and
resale prices. Further, each of these measures
appears to have bounced off the lows
experienced over the past year. With that
said, concerns still loom given the current
state of the economy and these measures
are anticipated to remain volatile in the near
term as the economy remains fragile.
With respect to new construction, it appears
that the number of building permits being
issued on a monthly basis has stabilized at
levels above the February 2008 low (799) but
well below the 3-month moving average over
the past 10 years (4,772). According to data
released by the U.S. Census Bureau, an
average of 1,269 building permits were issued
each month for the period between
December 2009 and February 2010. This
amount includes an average of 1,074 singlefamily residential building permits and 194
multi-family permits. Compared to the prior
3-month period, the number of single-family
permits issued increased 4.4% while the
number of multi-family permits fell slightly.
Compared to the same period in the prior
year, permitting activity in the single family
segment increased 76.7%, while permits in the
multi-family segment was up 1.6%.
In the Greater Phoenix area, the number of
resale transactions as well as the median
resale price continues to exhibit signs of
stabilizing. According to ASU’s February real
estate report, the single-family median resale
home price was $145,000 based on a total of
7,925 single-family existing home sales.
Month-over-month, the median resale price
increased 1.4% while the total number of units
bought and sold increased 2.6%. On a yearover-year basis, however, both measures

11

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Economic Indicators
were down (3.3)% and (6.9)%, respectively.
Sales activity reached a high of 11,820 in June
2009 and the median resale price peaked in
June 2006 at $267,000.
In the multi-family segment, ASU’s report
indicates there were 1,300 townhousecondominium transactions with a median
resale price of $103,500. Month-over-month,
the total number of units bought and sold
increased 13.0% while the resale price
increased 4.0%. On a year-over-year basis
the number of transactions increased 38.3%
while the median resale price fell (17.2)%. 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. While the other housing measures
reflect information from February, this
measure has a 2 month lag. In January 2010,
the index for the Phoenix metropolitan area
totaled 111.76, down (0.6)% relative to the
prior month and down (4.6)% on a year-overyear basis. The Phoenix index peaked in June
2006 at 227.42. The S&P/Case-Shiller
composite index which measures housing
prices in 20 metropolitan areas, is down (0.4)%
and (0.7)% on a month-over-month and yearover-year basis, respectively.
State Agency Data
Participation in income driven programs saw
slight declines, but remained significantly
above last year.
In March, AHCCCS caseloads equaled
1,357,472 members, a (0.4)% decline over the
prior month. AHCCCS caseloads are currently
16.5% above March 2009 levels. The FY 2010
budget funded a projected June caseload
growth of 14.4%, for a total of 1,435,445
members.
There were a reported 81,198 TANF recipients
in the state in January, a monthly caseload
decrease of (5.6)%. Year-over-year, the
number of TANF recipients has declined by
(6.4)%. 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

(Continued)

Stamps, provides assistance to low-income
households to purchase food. In January,
there were a total 1,024,659 food stamp
recipients in the state, a decrease of (0.8)%
over the prior month. Compared to the
same month last year, food stamp
participation was up by 31.8%. 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 3-month average count totaled
40,476 inmates between December 2009 and
February 2010. This equates to an average
monthly decrease of (103) inmates and a yearover-year increase of 786 inmates. The
department was funded for growth of 151
inmates per month in FY 2010. Fiscal year-todate, however, population growth has
decreased by an average of 4 inmates per
month.
In counties other than 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
November and January, respectively, the
non-Maricopa probation caseload was
19,843 individuals – 122 more probationers
than the prior month and 176 probationers
less than a year ago. In Maricopa County,
there were 29,519 probationers during the
period, 455 more than the prior month and
418 less than a year ago.

12

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Economic Indicators

(Continued)

Table 7

ECONOMIC INDICATORS
Indicator
Arizona
- Unemployment Rate
- Initial Unemployment Insurance Claims
- Unemployment Insurance Claimants
- 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
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)

Time Period

Current Value

Change From
Prior Period

Change From
Prior Year

February
February
February
February
February
February
January
Dec-Feb
Dec-Feb

9.5%
23,411
92,691
2.39 million
146,800
112,200
39.0
$31.1 million
$143.2 million

0.3%
(25.8)%
(5.6)%
0.8%
0.9%
1.2%
0.5%
(9.4)%
(1.7)%

1.2%
(33.0)%
18.9%
(3.9)%
(8.0)%
(20.1)%
(1.3)%
(39.6)%
(3.0)%

Dec-Feb
Dec-Feb

1,074
194

4.4%
(0.2)%

76.7%
1.6%

February
February

7,925
1,300

2.6%
13.0%

(6.9)%
38.3%

January
January
January
February
January
December

$145,000
$103,500
111.76
6.5 months
3.07 million
$6.69

4th Quarter 2009
January
4th Quarter 2009
July 1, 2009
March
January
January
Dec-Feb

50.2
196.61
$218.1 billion
6.60 million
1,357,472
81,198
1,024,659
40,476

(16.6)%
0.1%
1.1%
N/A
(0.4)%
(5.6)%
(0.8)%
(103) inmates

NA
(5.0)%
(1.8)%
1.5%
16.5%
(6.4)%
31.8%
786 inmates

Nov/Jan
Nov/Jan

19,843
29,519

(122)
455

(176)
(418)

4th Quarter 2009
(Final Estimate)
March
February
Nov-Jan
February

$13.2 trillion

5.6%

0.1%

52.5
107.6
$3.76 billion
217.59

6.1%
0.1%
(1.9)%
0.0%

25.6%
9.6%
48.2%
2.2%

1.4%
4.0%
(0.6)%
0.4 months
(4.6)%
(10.1)%

(3.3)%
(17.2)%
(4.6)%
(2.0) months
2.2%
(19.1)%

13

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

JCCR Meeting
At its March 23, 2010 meeting, the Joint
Committee on Capital Review considered the
following issues:
Arizona Game & Fish Department – Review of
Flagstaff Area Shooting Range Land
Acquisition – The Committee favorably
reviewed the department’s request to
purchase 162 acres of private land 30 miles
east of Flagstaff for a shooting range. The
land will be purchased for the appraised
value of $1,120,000.
Arizona Board of Regents – Review of Phoenix
Biomedical Campus Projects – The
Committee favorably reviewed the
universities’ request to issue a $172.9 million
revenue bond to build a new Health Sciences
Education Building and renovate the Arizona
Biomedical Collaborative Building. This
project will allow expansion of the College of
Medicine, house a new University of Arizona
College of Pharmacy, relocate 2,000 Arizona
State University (ASU) nursing students from
the downtown campus and expand the ASU
Department of Biomedical Informatics and
the Northern Arizona University Health Care
professionals program.
The favorable review included a provision
that the universities will not request review of
any of their remaining $459.4 million in
University/Lottery bonding authority for the
next 18 months, which was a limitation
volunteered by the universities. The
universities are authorized to issue $800 million
in University/Lottery bonds of which the
Committee favorably $167.7 million for
building renewal projects at its February 2009
meeting and $172.9 million for the Phoenix
Biomedical Campus at this meeting.
As required by law, annual debt service
payments for the University/Lottery bonds are
comprise of up to 80% Lottery revenues and
at least 20% state university system revenues.
Law prohibits General Fund monies from
being obligated for this bonding package.
Current lottery revenue projections are
expected to be insufficient to cover 80% of
the annual debt service payments in FY 2011
and FY 2012 so the universities will have to use
university system revenues to backfill the
difference along with their regular 20% share
requirement.

The Committee also included a provision that
its favorable review did not constitute
endorsement of General Fund monies for any
operations or maintenance costs when the
project is complete. Operating and
maintenance costs for the new Health
Sciences Education Building are projected to
be $3.0 million, which will be allocated
among the universities through a joint
agreement.

14

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Summary of Recent Agency Reports
AHCCCS – Report on Systematic
Alien Verification for Entitlements
Program – Pursuant to A.R.S. § 362903.03, the Arizona Health Care
Cost Containment System
(AHCCCS) provided its quarterly
report on the collection and
verification of documentation
associated with the Systematic
Alien Verification for Entitlements
(SAVE) program.
AHCCCS, in conjunction with the
Department of Economic Security
(DES), verified the immigration status
of 20,598 individuals between July 1,
2009 and September 30, 2009.
During this period, AHCCCS and
DES did not identify any fraudulent
documents using the SAVE
program. (Aaron Galeener)
AHCCCS – Report on Healthcare
Group – Pursuant to A.R.S. § 362912AA, the Arizona Health Care
Cost Containment System
(AHCCCS) is submitting its quarterly
financial report for Healthcare
Group (HCG) for the period
October 1, 2009 to December 31,
2009. The agency reports that HCG
has an estimated net gain of
$647,600 for the first 2 quarters of FY
2010, of which about $319,000 was
from the second quarter. HCG
began FY 2010 with total unpaid
prior year obligations and other
liabilities of $13.4 million. As of
December 2009, total liability was
$13.0 million.
AHCCCS reports that as of
December 2009, total statewide
HCG medical plan enrollment was
12,171, with participating members
from 4,436 private employers. Since
December 2008, enrollment has
decreased by (4,651) people.
AHCCCS attributes the enrollment
decreases to the economic
downturn. (Aaron Galeener)

Department of Economic Security –
Report on Preliminary Actuarial
Estimates of Long Term Care
Developmental Disabilities
Capitation Rate Increases for the
Following Fiscal Year – Pursuant to a
FY 2010 General Appropriation Act
footnote, the Department of
Economic Security (DES) has
submitted preliminary actuarial
estimates of the FY 2011 capitation
rate increases for its Title XIX Long
Term Care Developmental
Disabilities program.
The FY 2011 budget assumes
capitation rate growth of 0% for the
Developmental Disabilities Long
Term Care program unless the
voters approve the repeal of First
Things First, in which case the FY
2011 General Appropriation Act
appropriates DES additional monies.
The agency may use a portion of
this funding for provider rate growth.
DES indicates the preliminary review
of capitation rates includes a 3% to
5% increase for medical service
utilization and no increase for home
and community based services
provider rates. (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 $(51.2) million net funding shortfall
for formula programs for FY 2010.
This figure is preliminary in nature, as
ADE’s final budget status for FY 2010
will depend on 100th Day Average
Daily Membership (ADM) counts
from public schools for the current
year, which are still being compiled.
(Steve Schimpp)
Department of Health Services –
Report on Preliminary Actuarial
Estimates of the Capitation Rate
Increases for the Following Fiscal
Year – Pursuant to a FY 2010

General Appropriation Act
footnote, the Department of Health
Services (DHS) has submitted
preliminary actuarial estimates of
the capitation rate increases for FY
2011.
Behavioral Health Services (BHS)
capitation rate growth is expected
to be approximately 0% in FY 2011.
DHS states that keeping rates flat
will fund medical service utilization
increases, while there will be an
offsetting reduction to the utilization
rate.
Children’s Rehabilitative Services
(CRS) rates are projected to
increase by at least 5% as a result of
ongoing acute care needs for this
population.
The FY 2011 enacted budget
assumed a capitation rate
decrease of (12.3)% for the
Behavioral Health program due to
an expected decrease in the
utilization of those services and 0%
growth for the Children’s
Rehabilitative Services program.
(Art Smith)
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 2009. New fund revenues during
the 29th Annual Indian Town Hall
totaled $6,600. For FY 2009, the
commission had $9,260 in
disbursements. (Ted Nelson)
Department of Revenue – Report on
Temporary Collectors – A FY 2010
General Appropriation Act footnote
requires the Department of
Revenue (DOR) to report on the
results of temporary collectors.
Beginning in FY 2010, DOR was
appropriated $3 million from the
General Fund for temporary
collectors to assist in the collection
of already established debt.

15

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Summary of Recent Agency Reports
DOR reports that through
December 2009, 71 temporary
collectors have been hired and
trained at a cost of $1.2 million.
These temporary collectors have
generated approximately $31.8
million in total funds, which resulted
in $21.3 million in additional revenue
to the General Fund. It was
originally estimated that they would
generate a total of $45 million in
additional General Fund revenue in
FY 2010. DOR has further reduced
this estimate to $37 million. (Juan
Beltran)
Department of Revenue – Report on
Withholding Tables – Pursuant to
Laws 2009, 1st Regular Session,
Chapter 2, the Department of
Revenue (DOR) is submitting the
new withholding tax rate tables,
which will become effective July 1,
2010.
The new withholding tax rate tables
calculate the state withholding rate
as a percentage of gross taxable
wages. Previously, the state
withholding rates were percentages
of federal withholding amounts.
Gross taxable wages are defined as
the amount of each paycheck net
of pretax deductions. Table 1 shows
the new withholding tax rate
options as adopted by DOR.
Gross Taxable Wages
If less than
$15,000
1.3%
1.8%
2.7%
3.6%
4.2%
5.1%

If greater than
$15,000
0.0%
1.8%
2.7%
3.6%
4.2%
5.1%

A goal of DOR was to minimize
changes to withholding cashflow.
DOR will notify employers and
taxpayers of the new withholding
tables beginning in April 2010.
(Juan Beltran)

Secretary of State – Report on
Election Systems Improvement Fund
Expenditures – Pursuant to a
footnote in the FY 2010 General
Appropriation Act, the Secretary of
State is reporting on actual
expenditures from the Election
Systems Improvement Fund in FY
2009 as well as estimated
expenditures from the fund in FY
2010. Monies in the fund are to be
used to implement the provisions of
the Help America Vote Act (HAVA).
HAVA is federal election reform
legislation that imposes several
requirements on the states with
respect to the conduct of federal
elections.
In FY 2009, the Secretary of State’s
office spent a total of $11,795,100
from the Election Systems
Improvement Fund, distributed in
these areas as follows: voter
accessibility – 63%; voter registration
- 29%; administration – 2%; and poll
workers – 6%. The Secretary of
State’s office estimates that it will
spend $4,000,000 from the Election
Systems Improvement Fund in FY
2010, with the expenditures
following the same pattern as
FY 2009. (Jack Brown)

(Continued)

16

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Table 8

Agency
Department of Administration
Office of Administrative Hearings
Department of Agriculture
AHCCCS
Arizona Commission on the Arts
Arizona Exposition and State Fair
Board
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
Gov. - OSPB
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
Superior Court
Court of Appeals
Dept. of Juvenile Corrections
State Land Department
Law Enforcement Merit System

General Fund Spending
($ in Thousands)
Change from
Feb 10
Feb 09
159.8
878.4
11.5
(41.9)
296.0
(330.0)
102,873.4
(26,250.8)
111.8
(101.7)
-

Year-to-Date
12,671.9
670.0
6,332.7
947,506.1
563.5
400.0

1,014.5
42.4

0.8
(3.5)

13,564.6
457.7

46.2
16.9
47.0
58,620.6
1,159.6
(17,385.9)
283,376.0
347.7
341.9
16.5
27.0
40.0
141.1
87.9
75.0
27.1
105.6
129.5
9,323.3
168.3
32.8
111.8
310.8

8.9
(262.2)
(333.5)
(12,409.2)
(77.0)
(1,226.4)
(26,800.3)
(25,977.9)
(1,152.9)
(52.8)
3.3
6.6
(18.2)
50.2
(71.1)
(76.5)
(79.4)
(201.7)
19.0
(4,266.3)
4.5
(31.1)
(19.9)
(101.7)
(115.7)

521.2
148.0
2,367.9
99,319.8
378.4
566,769.4
(4.6)
252.0
15,062.6
507,078.0
3,000,692.7
6,047.2
3,797.2
7,000.0
157.0
456.8
716.1
2,360.4
1,750.7
100.0
596.6
317.2
5,451.3
1,425.3
402,681.6
3,121.3
507.4
26.1
71.1
4,190.2

1,010.2
9,445.6
907.9
3,305.8
(140.4)
3.4

569.0
7,819.6
(50.2)
(1,684.2)
(606.9)
(2.1)

12,915.2
61,693.1
10,165.4
47,862.5
11,807.4
54.2

YTD Change from
FY ‘09
(10,409.7)
(213.9)
(1,551.4)
(137,106.5)
(536.7)
400.0
(2,047.8)
(102.0)
(132.3)
148.0
(23,211.4)
(9,357.2)
(3,205.8)
(33,238.6)
(1,014.4)
252.0
(4,177.2)
(152,532.6)
349,059.6
(2,472.9)
(1,198.5)
(6,000.0)
3.0
(67.2)
(77.6)
(279.7)
(480.8)
100.0
(63.0)
(742.2)
230.1
52.6
(129,398.7)
(337.5)
(38.4)
(159.5)
(79.5)
(1,183.4)
973.0
2,965.4
438.3
(4,825.3)
(664.2)
(1.0)

17

JLBC – MONTHLY FISCAL HIGHLIGHTS – MARCH 2010

Legislature
Auditor General
House of Representatives
Joint Legislative Budget Comm.
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
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

76.2
925.8
175.0
286.8
363.6
647.4
0.6
34.7
88.5
23.0
5.5
879.9
1,613.9
131.6
4.5
1.2
141.8
(1,283.0)
2,316.9
237.8
16.0
2.7
178.4

(1,165.7)
(350.7)
(29.9)
(710.0)
(42.8)
(51.3)
(192.4)
34.7
(0.2)
(11.7)
(32.3)
(8.7)
(537.4)
(20.0)
290.4
(5,080.0)
(16.4)
4.5
(58.6)
(5,580.6)
(22,084.4)
40.7
(1.8)
31.7

10,268.1
8,778.0
1,633.4
3,672.4
4,813.4
6,232.4
740.5
801.9
937.0
452.5
99.9
14.4
21,900.3
2,252.0
300.0
40,084.2
4,034.4
1,071.3
9.3
2,419.9
22,289.5
103,959.5
2,095.9
187.9
200.0
39.9
1,908.0

(2,456.1)
(247.0)
(115.8)
(7,949.8)
(548.8)
23.8
(2,277.1)
(199.1)
(148.8)
(166.3)
(100.1)
(92.7)
14.4
(4,038.7)
(256.5)
(5.3)
87.7
300.0
(1,352.0)
2,212.9
(296.3)
0.2
(569.7)
(28,406.0)
(83,804.1)
(2,536.7)
(8.6)
(112.2)
(5.1)
91.9

27.5
33,217.3
11,220.2
29,041.4
1,295.5
-

(53.1)
(6,635.6)
(2,243.1)
(5,818.0)
807.4
-

19,815.3
311,799.5
105,002.6
271,792.0
6,190.0
250.0

3,690.7
(8,168.7)
(2,704.1)
(7,083.5)
893.2
250.0

1,394.4
74.8
(280.9)
539,786.1

454.2
(8.9)
(203.7)
(142,977.0)

12,165.3
867.6
20,167.3
6,749,268.8

3,087.8
(170.1)
(3,568.1)
(319,019.2)