Arizona Fiscal Statistics

StatisNostics/State Financials/Arizona
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20122021
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State Revenue Analysis (Arizona: 2012–2021)

Population: 6,556,236 → 7,278,717 (11.0% change)

Overall Revenue Trends

Total Revenue▲ 79.1%
$29,337,446,000 (2012)→$52,543,814,000 (2021)
Per Capita Revenue▲ 61.3%
$4,475 (2012)→$7,219 (2021)
Fund Balances▲ 51.9%
$12,875,679,000 (2012)→$19,555,709,000 (2021)
Revenue Volatility✓ Low
Avg. fluctuation: 7.5%

Major Tax Revenue

Property Tax▲ 67.9%
$754,428,000 (2012)→$1,266,990,000 (2021)
Sales Tax▲ 47.9%
$6,210,756,000 (2012)→$9,184,958,000 (2021)

Utility Revenue

Solid Waste Charges▲ 40%
$3,021,000 (2012)→$4,230,000 (2021)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 997.2%
$320,633,000→$3,518,053,000
Federal Intergovernmental Air Transportation▲ 837.6%
$564,000→$5,288,000
Federal Intergovernmental Sewerage▲ 195.7%
$2,251,000→$6,657,000

Declining/Slowest Growing Sources

Hospital Charges▼ 100.0%
$1,162,778,000→$52,000
Public Utility License Tax▼ 99.8%
$16,299,000→$30,000
Local Intergovernmental Health & Hospitals▼ 97.9%
$62,624,000→$1,344,000

Revenue Forecast

Projected Revenue (Next Year)▲ 13.4%
Estimated: $59,579,208,451
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

Federal Intergovernmental Public Welfare22.9%
Total General Sales Taxes21.2%
Individual Income Tax10.5%
Federal Intergovernmental Education5.8%
Higher Education Tuition Charges4.6%
Hospital Charges4.0%
Federal Intergovernmental Highways3.1%
Motor Fuels Sales Tax3.1%
Property Tax2.6%
Corporation Net Income Tax2.2%
Federal Intergovernmental Other1.5%
Unemployment - Contribution1.5%
Insurance Premium Tax1.5%
Donations From Private Sources1.3%
Interest Earnings1.2%
Higher Education Auxiliary Charges1.1%
Federal Intergovernmental Health & Hospitals1.1%
Tobacco Sales Tax1.1%
All Other Not Elsewhere Classified Charges0.9%
Miscellaneous General Revenue Not Elsewhere Classified0.8%
Net Lottery Revenue0.7%
Workers Compensation - Interest Earnings0.6%
Workers Compensation - Other Contributions0.6%
Fines & Forfeits0.6%
Motor Vehicle License0.6%
Sale of Property0.6%
Local Intergovernmental Public Welfare0.5%
Occupation & Business License Not Elsewhere Classified0.4%
Other Selective Sales Taxes0.4%
Federal Intergovernmental Housing & Community Development0.3%
Federal Intergovernmental Employment Security Administration0.3%
Local Intergovernmental Other0.3%
Federal Intergovernmental Other Natural Resources0.3%
Alcoholic Beverage Sales Tax0.2%
Rents0.2%
Local Intergovernmental Health & Hospitals0.2%
Local Intergovernmental Education0.2%
Severance Tax0.1%
Motor Vehicle Operators License0.1%
Electric Utilities Revenue0.1%
Hunting & Fishing License0.1%
Education Other State Charges Not Elsewhere Classified0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Parks & Recreation Charges0.1%
Public Utilities Tax0.1%
Federal Intergovernmental Water Utilities0.1%
Public Utility License Tax0.1%
Corporation License Tax0.0%
Regular Highway Charges0.0%
Local Intergovernmental Highways0.0%
Alcoholic Beverage License Tax0.0%
Other License Tax0.0%
Housing & Community Development Charges0.0%
Solid Waste Charges0.0%
Federal Intergovernmental Sewerage0.0%
Air Transportation Charges0.0%
Federal Intergovernmental Air Transportation0.0%
Amusement Tax0.0%
Parimutuels Tax0.0%
Death & Gift Tax0.0%
Local Intergovernmental General Support0.0%

2021 Revenue Sources

Federal Intergovernmental Public Welfare34.0%
Total General Sales Taxes17.5%
Individual Income Tax12.4%
Federal Intergovernmental Health & Hospitals6.7%
Higher Education Tuition Charges4.8%
Federal Intergovernmental Education4.5%
Property Tax2.4%
Corporation Net Income Tax1.7%
Motor Fuels Sales Tax1.6%
Federal Intergovernmental Highways1.5%
Insurance Premium Tax1.3%
Donations From Private Sources1.3%
Unemployment - Contribution1.0%
Interest Earnings0.9%
Net Lottery Revenue0.7%
Federal Intergovernmental Other0.7%
Sale of Property0.6%
All Other Not Elsewhere Classified Charges0.6%
Tobacco Sales Tax0.6%
Motor Vehicle License0.6%
Higher Education Auxiliary Charges0.5%
Miscellaneous General Revenue Not Elsewhere Classified0.5%
Local Intergovernmental Public Welfare0.5%
Occupation & Business License Not Elsewhere Classified0.4%
Other Selective Sales Taxes0.3%
Fines & Forfeits0.3%
Taxes Not Elsewhere Classified0.3%
Federal Intergovernmental Employment Security Administration0.3%
Federal Intergovernmental Housing & Community Development0.2%
Federal Intergovernmental Other Natural Resources0.2%
Alcoholic Beverage Sales Tax0.2%
Local Intergovernmental Other0.1%
Rents0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Hunting & Fishing License0.1%
Electric Utilities Revenue0.1%
Motor Vehicle Operators License0.1%
Severance Tax0.1%
Corporation License Tax0.1%
Federal Intergovernmental Water Utilities0.0%
Public Utilities Tax0.0%
Documentary & Stock Transfer Tax0.0%
Local Intergovernmental Education0.0%
Regular Highway Charges0.0%
Parks & Recreation Charges0.0%
Alcoholic Beverage License Tax0.0%
Housing & Community Development Charges0.0%
Federal Intergovernmental Sewerage0.0%
Unemployment - Interest Revenue0.0%
Federal Intergovernmental Air Transportation0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Solid Waste Charges0.0%
Local Intergovernmental Highways0.0%
Other License Tax0.0%
Local Intergovernmental Health & Hospitals0.0%
Elementary Secondary Education Not Elsewhere Classified Charges0.0%
Amusement Tax0.0%
Local Intergovernmental General Support0.0%
Air Transportation Charges0.0%
Parimutuels Tax0.0%
Hospital Charges0.0%
Public Utility License Tax0.0%

Key Insights

  1. 1Total revenue increased by 79.1% from 2012 to 2021, representing a significant change in the state's financial position.
  2. 2Population changed by 11.0%, while per-capita revenue changed by 61.3%.
  3. 3The state's fund balances increased by 51.9%, suggesting improved fiscal health.
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State Expense Analysis (Arizona: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 36%
$9,841,780,000→$13,411,852,000
Per Capita Spending▲ 23%
$1,501→$1,843

Population Trends

Population Change▲ 11%
6,556,236 (2012)→7,278,717 (2021)

Public Safety Expenses

Police Protection▲ 31%
$0 (2012)→$0 (2021)
Fire Protection▼ 0%
$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▼ 23%
$0 (2012)→$0 (2021)
Sewerage Operations▼ 0%
$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▼ 30%
$0 (2012)→$0 (2021)
General Expenses▼ 27%
$0 (2012)→$0 (2021)
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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▼ 22%
$10,974,362,000 (2012)→$8,546,426,000 (2021)
Industrial Revenue Debt▼ 90%
$3,486,393,000 (2012)→$336,630,000 (2021)
Per Capita Debt▼ 30%
$1,674 (2012)→$1,174 (2021)

Population Trends

Population Change▲ 11%
6,556,236 (2012)→7,278,717 (2021)

Debt Management

Most Recent Year (2021)

Issued:$1,646,620,000
Retired:$2,004,197,000
Net Change:$-357,577,000

Debt Retirement Trend

$1,590,810,000 → $2,004,197,000▲ 26%