Public Finance

Government Revenues and Expenditures in Arizona


Dennis Hoffman, Ph.D.
Director, Office of the University Economist; Director, Center for Competitiveness and Prosperity Research; Professor of Economics
Tom Rex, M.B.A.
Associate Director, Center for Competitiveness and Prosperity Research; Manager of Research Initiatives, Office of the University Economist

Examines Arizona state government finance over time and compares Arizona state and local government finance to other states. Government spending in Arizona per $1,000 of personal income has dropped since fiscal year 1992 regardless of whether spending is measured by the state government general fund, total state appropriations, total state authorized spending, or the combination of all state and local government spending.


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Dennis Hoffman, Ph.D.
Dennis Hoffman, Ph.D.
Director, Office of the University Economist; Director, Center for Competitiveness and Prosperity Research; Professor of Economics

Dennis received a B.A. in economics and mathematics from Grand Valley State University, a M.S. in economics from Michigan State University, and a Ph.D. in economics from Michigan State University in 1978. He has served on the faculty of the Department of Economics at ASU since 1979, as director of ASU’s L. William Seidman Research Institute (2004-24), and as the director of the Office of the University Economist since 2005.

Tom Rex, M.B.A.
Tom Rex, M.B.A.
Associate Director, Center for Competitiveness and Prosperity Research; Manager of Research Initiatives, Office of the University Economist

After receiving his Bachelor of Business Administration from the University of Toledo, Tom earned his Master of Business Administration from Arizona State University in 1976. After working in the private sector, he joined ASU in 1980, working for the predecessor of the L. William Seidman Research Institute. Since 2005, he has served as manager of research initiatives in the Office of the University Economist.


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