A latest report from a nonpartisan legislative committee shows state revenue fell $185 million below projections.
The Joint Legislative Budget Committee tracks Arizona revenue for the state Legislature. They reported tax collections for April were down.
Staffers expected downturn in tax collections, but what they did not predict was the steep decline.
The estimated budget shortfall for fiscal year 2016 is now $140 million. The JLBC said that number could grow to a half billion once the Legislature convenes a special session to revamp the state’s child protection agency.
The cash balance for Arizona is growing. It increased nearly $60 million to $191 million after Gov. Jan Brewer issued a number of budgetary vetoes.