The Finance Advisory Committee of the Arizona Legislature met recently. This group of financial experts from the universities and elsewhere meet quarterly with the Joint Legislative Budget Committee (JLBC) to advise them and the Legislature on the state’s economic outlook.
The October 2021 Finance Advisory Committee meeting was particularly rosy. During the pandemic, Arizona’s state government and residents received a total of $51 billion in aid from the federal government. These funds kept many Arizonans afloat during the pandemic and greatly helped our state’s financial position. The state coffers are brimming with tax revenue and gaming proceeds. Arizona corporations saw record profits. The Rainy Day Fund has $970 million in it. Ninety-four percent of the prepandemic jobs have returned.
During my five years in the Arizona House, I have been a crusader for increased funding and services for maternal and child health. Arizona is worst in the country for Adverse Childhood Experiences. Far too many Arizona children grow up with food insecurity, housing insecurity and financial insecurity, while the state government gives away billions each year in tax breaks.
With so much cash on hand, it’s time for the Arizona Legislature to invest in the health and wellbeing of children and families – instead of more tax breaks for corporations and wealthy Arizonans.Continue reading Podcast: With Cash in the Coffers, Will Arizona Finally Invest in Healthy Children & Families? (video)