Proposed Tax Cuts in Arizona Put Revenue Sharing At Risk

Watts, Jim
May 2006
Bond Buyer;5/3/2006, Vol. 356 Issue 32373, p3
Trade Publication
The article reports that the proposed tax cuts in Arizona towns and cities will reduce state income taxes by 15 percent. It has been approved by the voters in a general ballot initiative that Arizona's collection of income tax are not allowed to levy their own income or luxury taxes. Rating analysts would deliberate the ability of Arizona cities to make up the shortfall if the tax cuts are acted out.


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