Arizona’s budget increased cumulatively more than pop+inf in state funds and all funds from 2014-23, meaning taxes are higher than the average taxpayer can afford.

  • The 2023 state funds budget is $31.0 billion higher than it would have had spending grown at the rate of population growth plus inflation over the past decade.
  • Because state funds grew faster than population growth plus inflation for much of the last ten years, the state spent and taxed $116.5 billion too much.
  • The 2023 all funds budget is 34.1 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because all funds grew faster than population growth plus inflation over much of the past decade, the state spent and taxed $120.7 billion too much.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $62.48
  • FY 2025 Only State Funds Budget Limit ($ Billions): $66.53
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 6.48%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: $4,176
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: $16,704
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: $15,671
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: $62,685

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $83.80
  • FY 2025 All Funds Budget Limit ($ Billions): $89.23
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 6.48%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: 4,585
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: 18,339
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: 16,246
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: 64,983

Other Considerations