City finance warns of budget pressure; council asked to lock in sewer rate change before possible state freeze Finance staff told the council the city faces flat sales tax revenue, possible state shared revenue losses and rising personnel and insurance costs; staff recommended moving a scheduled sewer-rate implementation date earlier to protect already-approved increases from pending state legislation that would freeze municipal rate increases for four years.

City finance officials warn of looming budget crises, including flat sales tax revenues and potential state restrictions on fee increases that could impact essential services.

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Committee advances narrow ban on state-mandated use of 'social credit scores' in lending The Senate Finance Committee passed House Bill 2903 prohibiting the state from requiring banks or financial institutions to use a so-called social credit score when evaluating lending; proponents warned such scores can mask ideological discrimination, while critics questioned the bill's lack of a statutory definition for the term.

Arizona's Senate Finance Committee has just passed a controversial bill banning the use of "social credit scores" in lending, sparking debates on financial discrimination and consumer rights.

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January FAC baseline shows a roughly $578 million discretionary cushion; tax conformity remains the largest un‑funded risk Staff told the Finance Advisory Committee that the January revenue baseline projects multi‑year positive cash balances with roughly $578 million available for discretionary use, but noted major items — including federal tax conformity, recurring one‑time spending, and executive budget assumptions — are not included in the baseline and could erode that cushion.

Arizona's Finance Advisory Committee reveals a $578 million discretionary cushion, but looming tax conformity risks could threaten future budgets!

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Fed explores interest rate strategy to curb inflation without triggering recession Federal Reserve aims for soft landing as inflation stabilizes near target rates.

The Arizona Finance Advisory Committee is grappling with how the Federal Reserve can tackle inflation while steering clear of a recession—can they achieve the elusive "soft landing"?

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Arizona Senate approves bills allowing cryptocurrency tax payments and state investment in Bitcoin Arizona Senate Bill 1024 allows cryptocurrency payments for state taxes starting January 1, 2026.

Arizona is set to embrace cryptocurrency, allowing tax payments in digital currencies by 2026 and opening the door for state investments in Bitcoin!

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