Arizona Fiscal Statistics

StatisNostics/State Financials/Arizona

Generating Chart...

Filter Data by Year

20122024

Generating Chart...

State Revenue Analysis (Arizona: 2012–2024)

Population: 6,556,236 → 7,359,197 (12.2% change)

Overall Revenue Trends

Total Revenue▲ 108.9%

$29,337,446,000 (2012)→$61,287,104,000 (2024)

Per Capita Revenue▲ 86.1%

$4,475 (2012)→$8,328 (2024)

Fund Balances▼ 100%

$12,875,679,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 7.2%

Major Tax Revenue

Property Tax▲ 79.9%

$754,428,000 (2012)→$1,357,144,000 (2024)

Sales Tax▲ 111.8%

$6,210,756,000 (2012)→$13,156,640,000 (2024)

Utility Revenue

Solid Waste Charges▲ 27%

$3,021,000 (2012)→$3,837,000 (2024)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Sewerage▲ 1229.1%

$2,251,000→$29,919,000

Amusement Tax▲ 1029.9%

$521,000→$5,887,000

Other Selective Sales Taxes▲ 846.5%

$121,928,000→$1,154,103,000

Declining/Slowest Growing Sources

Hospital Charges▼ 100.0%

$1,162,778,000→$61,000

Public Utility License Tax▼ 99.8%

$16,299,000→$39,000

Local Intergovernmental Health & Hospitals▼ 97.5%

$62,624,000→$1,541,000

Revenue Forecast

Projected Revenue (Next Year)▼ 0.5%

Estimated: $60,966,783,969

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

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%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare34.7%

Total General Sales Taxes21.5%

Individual Income Tax7.8%

Federal Intergovernmental Education5.7%

Higher Education Tuition Charges5.0%

Corporation Net Income Tax2.9%

Interest Earnings2.5%

Property Tax2.2%

Other Selective Sales Taxes1.9%

Federal Intergovernmental Highways1.8%

Motor Fuels Sales Tax1.5%

Insurance Premium Tax1.4%

Donations From Private Sources1.3%

Federal Intergovernmental Health & Hospitals1.3%

Net Lottery Revenue1.0%

Higher Education Auxiliary Charges0.9%

Federal Intergovernmental Other0.8%

Unemployment - Contribution0.7%

Miscellaneous General Revenue Not Elsewhere Classified0.6%

All Other Not Elsewhere Classified Charges0.5%

Motor Vehicle License0.5%

Sale of Property0.5%

Tobacco Sales Tax0.4%

Occupation & Business License Not Elsewhere Classified0.3%

Local Intergovernmental Public Welfare0.3%

Federal Intergovernmental Other Natural Resources0.2%

Federal Intergovernmental Housing & Community Development0.2%

Federal Intergovernmental Employment Security Administration0.2%

Fines & Forfeits0.2%

Parks & Recreation Charges0.2%

Alcoholic Beverage Sales Tax0.1%

Rents0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Local Intergovernmental Other0.1%

Unemployment - Interest Revenue0.1%

Hunting & Fishing License0.1%

Motor Vehicle Operators License0.1%

Corporation License Tax0.0%

Federal Intergovernmental Sewerage0.0%

Public Utilities Tax0.0%

Severance Tax0.0%

Local Intergovernmental Education0.0%

Electric Utilities Revenue0.0%

Regular Highway Charges0.0%

Alcoholic Beverage License Tax0.0%

Housing & Community Development Charges0.0%

Amusement Tax0.0%

Solid Waste Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Other License Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Elementary Secondary Education Not Elsewhere Classified Charges0.0%

Local Intergovernmental Health & Hospitals0.0%

Air Transportation Charges0.0%

Local Intergovernmental General Support0.0%

Hospital Charges0.0%

Public Utility License Tax0.0%

Amusement License Tax0.0%

Key Insights

1Total revenue increased by 108.9% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 12.2%, while per-capita revenue changed by 86.1%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

Generating Chart...

State Expense Analysis (Arizona: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 294%

$9,841,780,000→$38,789,558,000

Per Capita Spending▲ 251%

$1,501→$5,271

Population Trends

Population Change▲ 12.2%

6,556,236 (2012)→7,359,197 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 86%

$208,274,000 (2012)→$386,833,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 87%

$380,229,000 (2012)→$712,100,000 (2024)

Sewerage Operations▼ 0%

$0 (2012)→$1,653,000 (2024)

Administrative Expenses

Financial Administration▲ 38%

$304,616,000 (2012)→$421,056,000 (2024)

General Expenses▲ 17%

$265,098,000 (2012)→$309,851,000 (2024)

Arizona Key Insights

1Per capita expenditures grew by 251%, indicating substantial service expansion or cost increases not explained by population growth alone
2Highways was the fastest growing major expense category at 87% increase

Generating Chart...

State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▼ 38%

$10,974,362,000 (2012)→$6,793,495,000 (2024)

Industrial Revenue Debt▼ 100%

$3,486,393,000 (2012)→$0 (2024)

Per Capita Debt▼ 45%

$1,674 (2012)→$923 (2024)

Population Trends

Population Change▲ 12.2%

6,556,236 (2012)→7,359,197 (2024)

Debt Management

Most Recent Year (2024)

Issued:$676,177,000

Retired:$214,268,000

Net Change:+$461,909,000

Debt Retirement Trend

$1,590,810,000 → $214,268,000▼ 87%

🔄 Significant change in retirement strategy detected

Key Insights

1There appears to be a significant shift in debt management strategy between 2012-2024, with a move toward lower debt levels.