Arizona Fiscal Statistics

StatisNostics/State Financials/Arizona

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20122022

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State Revenue Analysis (Arizona: 2012–2022)

Population: 6,556,236 → 7,421,401 (13.2% change)

Overall Revenue Trends

Total Revenue▲ 111.1%

$29,337,446,000 (2012)→$61,934,473,000 (2022)

Per Capita Revenue▲ 86.5%

$4,475 (2012)→$8,345 (2022)

Fund Balances▼ 100%

$12,875,679,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 8.5%

Major Tax Revenue

Property Tax▲ 66.3%

$754,428,000 (2012)→$1,254,846,000 (2022)

Sales Tax▲ 84.3%

$6,210,756,000 (2012)→$11,448,991,000 (2022)

Utility Revenue

Solid Waste Charges▲ 22.7%

$3,021,000 (2012)→$3,706,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Amusement Tax▲ 1473.5%

$521,000→$8,198,000

Federal Intergovernmental Health & Hospitals▲ 1012.2%

$320,633,000→$3,566,108,000

Federal Intergovernmental Air Transportation▲ 910.1%

$564,000→$5,697,000

Declining/Slowest Growing Sources

Hospital Charges▼ 100.0%

$1,162,778,000→$53,000

Public Utility License Tax▼ 99.8%

$16,299,000→$30,000

Local Intergovernmental Health & Hospitals▼ 92.8%

$62,624,000→$4,494,000

Revenue Forecast

Projected Revenue (Next Year)▲ 17.5%

Estimated: $72,770,060,312

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%

2022 Revenue Breakdown

Federal Intergovernmental Public Welfare35.1%

Total General Sales Taxes18.5%

Individual Income Tax12.2%

Federal Intergovernmental Health & Hospitals5.8%

Federal Intergovernmental Education5.6%

Higher Education Tuition Charges4.3%

Property Tax2.0%

Corporation Net Income Tax1.9%

Federal Intergovernmental Highways1.4%

Motor Fuels Sales Tax1.3%

Insurance Premium Tax1.2%

Donations From Private Sources1.1%

Sale of Property0.9%

Higher Education Auxiliary Charges0.8%

Interest Earnings0.8%

Unemployment - Contribution0.8%

Federal Intergovernmental Other0.6%

All Other Not Elsewhere Classified Charges0.6%

Net Lottery Revenue0.6%

Motor Vehicle License0.5%

Tobacco Sales Tax0.5%

Federal Intergovernmental Housing & Community Development0.4%

Other Selective Sales Taxes0.4%

Miscellaneous General Revenue Not Elsewhere Classified0.3%

Occupation & Business License Not Elsewhere Classified0.3%

Taxes Not Elsewhere Classified0.3%

Local Intergovernmental Public Welfare0.2%

Federal Intergovernmental Other Natural Resources0.2%

Federal Intergovernmental Employment Security Administration0.2%

Fines & Forfeits0.2%

Alcoholic Beverage Sales Tax0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Rents0.1%

Hunting & Fishing License0.1%

Local Intergovernmental Other0.1%

Parks & Recreation Charges0.1%

Motor Vehicle Operators License0.1%

Severance Tax0.1%

Local Intergovernmental Highways0.0%

Electric Utilities Revenue0.0%

Public Utilities Tax0.0%

Corporation License Tax0.0%

Unemployment - Interest Revenue0.0%

Local Intergovernmental Education0.0%

Regular Highway Charges0.0%

Alcoholic Beverage License Tax0.0%

Housing & Community Development Charges0.0%

Amusement Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Local Intergovernmental Health & Hospitals0.0%

Federal Intergovernmental Sewerage0.0%

Solid Waste Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Other License Tax0.0%

Elementary Secondary Education Not Elsewhere Classified Charges0.0%

Air Transportation Charges0.0%

Local Intergovernmental General Support0.0%

Parimutuels Tax0.0%

Hospital Charges0.0%

Public Utility License Tax0.0%

Amusement License Tax0.0%

Key Insights

1Total revenue increased by 111.1% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by 13.2%, while per-capita revenue changed by 86.5%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Arizona: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 264%

$9,841,780,000→$35,782,989,000

Per Capita Spending▲ 221%

$1,501→$4,822

Population Trends

Population Change▲ 13.2%

6,556,236 (2012)→7,421,401 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 98%

$208,274,000 (2012)→$412,382,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 49%

$380,229,000 (2012)→$567,131,000 (2022)

Sewerage Operations▼ 0%

$0 (2012)→$2,000,000 (2022)

Administrative Expenses

Financial Administration▲ 10%

$304,616,000 (2012)→$334,458,000 (2022)

General Expenses▼ 0%

$265,098,000 (2012)→$264,954,000 (2022)

Arizona Key Insights

1Per capita expenditures grew by 221%, indicating substantial service expansion or cost increases not explained by population growth alone
2Police Protection was the fastest growing major expense category at 98% increase

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▼ 37%

$10,974,362,000 (2012)→$6,933,822,000 (2022)

Industrial Revenue Debt▼ 100%

$3,486,393,000 (2012)→$0 (2022)

Per Capita Debt▼ 44%

$1,674 (2012)→$934 (2022)

Population Trends

Population Change▲ 13.2%

6,556,236 (2012)→7,421,401 (2022)

Debt Management

Most Recent Year (2022)

Issued:$190,234,000

Retired:$1,439,907,000

Net Change:$-1,249,673,000

Debt Retirement Trend

$1,590,810,000 → $1,439,907,000▼ 9%