/ Modified may 23, 2017 4:40 p.m.

State Revenues Drop in April, But Analysts Say No Cause for Concern

Still plenty of money, and tax time explains volatility, they said.

arizona money puzzle spot

LISTEN

Tax collections in April came in $86 million below expectations, according to the Joint Legislative Committeeā€™s monthly budget report.

Budget analysts with the nonpartisan committee said the drop is not a cause for concern because April is the month most Arizonans pay their taxes, which introduces some volatility.

A rebound is expected. The analysts said tax collections for the first half of May are higher than expected and could offset as much as half of the drop in April.

The state also has a budget surplus that more than makes up for the April shortage.

By posting comments, you agree to our
AZPM encourages comments, but comments that contain profanity, unrelated information, threats, libel, defamatory statements, obscenities, pornography or that violate the law are not allowed. Comments that promote commercial products or services are not allowed. Comments in violation of this policy will be removed. Continued posting of comments that violate this policy will result in the commenter being banned from the site.

By submitting your comments, you hereby give AZPM the right to post your comments and potentially use them in any other form of media operated by this institution.
Arizona Public Media broadcast stations are licensed to the Arizona Board of Regents. Arizona Public Media and AZPM are registered trademarks of the Arizona Board of Regents.
The University of Arizona