Arizona Budget Proposal
The Arizona budget is currently meeting its objectives and obligations. The needs of residents within the State are meet accordingly. The Congress of the State for the past few years have kept a balanced budget. Moreover, the appropriations are distributed directly to the programs/services provided by Arizona. Legislators and the governor priorities in funding the expenditures of the state seem to be connected to the constituents of its districts.
As an Arizona resident, the proposal for the Arizona budget is to slight raise taxes and created a surplus recovery budget specially to use in state economy crisis. First, state income on individuals and corporations taxes in Arizona should be rising to one percent for across aboard. Second, taxes on luxury should be increase to five percent since those goods are not a basic necessity. Third, property taxes for individuals and corporations should be increase to one percent. With these taxes increase the state will generate more revenue to cover its expenditures. …show more content…
The idea of creating the surplus recovery economy budget is to prevent the state from relying on borrowing money to fund the state budget in case of on economic depression like in 2007. Consequently, the surplus recovery budget could generate profit just on receiving interest for the amount save. Undoubtedly, the state of Arizona legislature in my point of view does not need to have a 2/3-vote supermajority to raise taxes. The legislators and its constituents understand that operating a spending budget requires raising revenue and balancing to meet its objectives. Conversely, the Arizona budget with the changes briefly discussed will be collecting more revenue to operate its government in a more efficient and effective
As an Arizona resident, the proposal for the Arizona budget is to slight raise taxes and created a surplus recovery budget specially to use in state economy crisis. First, state income on individuals and corporations taxes in Arizona should be rising to one percent for across aboard. Second, taxes on luxury should be increase to five percent since those goods are not a basic necessity. Third, property taxes for individuals and corporations should be increase to one percent. With these taxes increase the state will generate more revenue to cover its expenditures. …show more content…
The idea of creating the surplus recovery economy budget is to prevent the state from relying on borrowing money to fund the state budget in case of on economic depression like in 2007. Consequently, the surplus recovery budget could generate profit just on receiving interest for the amount save. Undoubtedly, the state of Arizona legislature in my point of view does not need to have a 2/3-vote supermajority to raise taxes. The legislators and its constituents understand that operating a spending budget requires raising revenue and balancing to meet its objectives. Conversely, the Arizona budget with the changes briefly discussed will be collecting more revenue to operate its government in a more efficient and effective