AZ Governor Doug Ducey Signs $12.8B Budget For Next Fiscal Year ... He's Gone At The End of Serving His Time In-Office

Way too early to dissect or unpack all of it - just a brief blurb

Ducey signs budget with hours to go before fiscal year ends

By Jeremy Dude June 30, 2021                    Last Updated: June 30, 2021 5:03 pm

Arizona Mirror | 2021-06-30T17:03:59+00:00

With the start of the new fiscal year less than eight hours away, Gov. Doug Ducey signed the $12.8 billion budget shortly after lawmakers sent him the final two budget bills to his desk.

“Today I’m proud to sign a budget that delivers for Arizonans,” Ducey said in a press statement. “Each and every Arizona taxpayer, no matter their income, will experience a tax cut under our historic tax reform. That means job creators will continue to choose our state to expand operations, working families will get to decide how they spend more of their hard-earned dollars, and those who served our nation will rightfully keep more of their own money.”

The highlight of the fiscal year 2022 budget is a massive income tax cut that replaces Arizona’s progressive income tax rates with two rates — 2.55% for people who earn $27,272 annually and 2.98% for those who earn more than that — at a projected cost of about $1 billion in state revenue annually . . .