Amidst debate for a $12.4 billion state budget proposal, state lawmakers have proposed a transition to a flat-rate income tax at 2.5% statewide. The transition would occur over the next two years, and is estimated to permanently reduce state revenues by $1.5 billion annually (AZ Republic). While the change would apply to all taxpayers inContinue reading “Arizona Lawmakers considering “largest local-revenue cut that has ever been proposed””