Article Image

IPFS News Link • Arizona's Top News

Sales-tax revenue lags throughout the Valley in June

• AZ Central

Recession-wracked Valley cities - and the state itself - are getting another dose of bad economic news with sales-tax reports that suggest shoppers have all but padlocked their wallets.

The latest sales-tax reports showed June collections down anywhere from 9 percent to 22 percent from a year earlier. The same thing happened to the state. Its disastrous budget gap worsened in June thanks to sales-tax collections that fell $58 million short of the forecast.

 

www.universityofreason.com/a/29887/KWADzukm