Arizona

Addendum: Revenue Forecast Details

March 2010

Discusses the baseline revenue forecast used in Roadmap to Arizona’s Economic Recovery: A Package to Create Jobs, Improve the State’s Economic Competitiveness, and Balance the Budget.

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

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
[email protected]

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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The Magnitude and Causes of Arizona's Low Per Capita Income

February 2010

Explains why incomes in Arizona are below the national average, presents ways in which the shortfall may be addressed, and describes the differences between the various income measures that are available. The average income in Arizona is less than the national average regardless of the source of income data and regardless of whether income is expressed per capita, per household, or per tax return.

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

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
[email protected]

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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Roadmap to Arizona's Economic Recovery: A Package to Create Jobs, Improve the State's Economic Competitiveness, and Balance the Budget

January 2010

Presents a plan to balance the state government's budget in the near term and longer term, to create jobs in the near term, and to improve the state's economic competitiveness in the longer term. Arizonans face the twin problems of recovering from a deep and long economic recession and dealing with significant fiscal imbalances in state and local governments.

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

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
[email protected]

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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A Comparison of Arizona to Nations of Comparable Size

July 2009

Compares Arizona to 11 nations with developed economies of comparable size on a range of economic and demographic data.

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

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
[email protected]

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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The Tax Burden in Arizona

May 2009

Assesses the tax burden by state, specifically looking at individual tax burdens versus business tax burdens. The overall tax burden in Arizona is lower than in most states, and lower than it was in the past, the result of a very low tax burden for individuals and a moderate tax burden for businesses.

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
[email protected]

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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Abbreviated Version of a Summary of the Arizona State Government Fiscal Situation

March 2009

Provides an abbreviated version of the fiscal situation of the Arizona state government in a PowerPoint presentation.

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

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
[email protected]

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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A Summary of the Arizona State Government Fiscal Situation

March 2009

Summarizes and updates five reports—the three volumes of Public Finance in Arizona; Education Funding in Arizona: Constitutional Requirement and the Empirical Record; and The Economic Effects of Government Spending Reductions Relative to Other Options.

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

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
[email protected]

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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The Economic Effects of Government Spending Reductions Relative to Other Options

February 2009

Presents the results of economic modeling of the effects of spending reductions and tax increases in Arizona in order to resolve the Arizona state government’s general fund budget deficit. Revenue enhancement would have a lesser negative impact than a reduction in spending.

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

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
[email protected]

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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Education Funding in Arizona: Constitutional Requirement and the Empirical Record

January 2009

Considers public funding for elementary and secondary education and higher education in Arizona from historical and interstate perspectives, in light of the funding mandate expressed in the Arizona Constitution. The purpose of this paper is to provide insight as to whether existing legislative appropriations for public education meet the requirements of the Arizona Constitution.

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

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
[email protected]

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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Public Finance in Arizona Volume I: Facts

December 2008

Analyzes Arizona state government finance, using data of the Arizona Joint Legislative Budget Committee, and of the combined finances of all state and local governments within Arizona, using data of the U.S. Census Bureau. A historical perspective is provided for both datasets.

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

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
[email protected]

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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