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Fiscal Year 2015 General Fund Revenues Up More Than Expected

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Fiscal Year 2015 General Fund Revenues Up More Than Expected

According to the Arizona Joint Legislative Budget Committee, preliminary estimates of general fund base revenue collections in fiscal year 2015 totaled $9.48 billion, $576 million (6.5 percent) higher than in the prior year. Relative to the revised forecast, base revenue was $315 million (3.4 percent) higher. Total general fund revenue was not as far above the prior year. Unexpectedly high income tax collections during April improved the state’s fiscal position.