Arizona Legislature Makes Huge Advancements For Businesses


The business community in Arizona was thrilled with the establishment of the Drought Contingency Plan, which determines water management and distribution among Arizona and other states who get their water from the Colorado River.

“I’m not saying it’s a slam dunk, but it helps ensure the Arizona economy’s ability to grow and thrive going forward,” said Garrick Taylor from the Arizona Chamber of Commerce.

The 2019 legislative session in the state also included huge strides for transportation funding, education, and taxes according to Inside Tucson Business.

Lawmakers allocated $10 million for career and technical education and Pima Community College will be given $15 million to grow its aviation technology program.

“That’s good news for workforce development. Twelfth-graders are leaving school with some sort of industry certification in hand. They’re ready to go to work and contribute to the economy,” Taylor said.

Another new law will ensure that the Regional Transportation Authority can double the taxes it collects. The current tax brings in about $80 million annually, so if it is doubled, the number would grow to $160 million.

The legislature also decided to place a tax on internet sales from companies outside of Arizona in order to help brick-and-mortar retailers.

Read the full story here.


Economics, Finance and Investing