{"id":250756,"date":"2021-07-05T12:30:09","date_gmt":"2021-07-05T07:00:09","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=250756"},"modified":"2021-07-05T11:56:07","modified_gmt":"2021-07-05T06:26:07","slug":"arizona-governor-signs-budget-for-fiscal-year-2022","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/07\/05\/arizona-governor-signs-budget-for-fiscal-year-2022\/","title":{"rendered":"Arizona | Governor signs budget for Fiscal Year 2022"},"content":{"rendered":"<p style=\"text-align: justify;\">Arizona Government has passed Arizona\u2019s\u00a0<a href=\"https:\/\/azgovernor.us3.list-manage.com\/track\/click?u=92fdf4d2c03bdcc82721f4a7b&amp;id=3304a59ebd&amp;e=c0628abd76\"><strong>fiscally conservative budget for Fiscal Year 2022<\/strong><\/a>, which cuts taxes for all taxpayers while investing in education, transportation, public safety, public health, water security and more key areas that matter to Arizonans.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\">Highlights of the Budget are:<\/p>\n<ul style=\"text-align: justify;\">\n<li><strong>Simpler, Fairer and Flatter Taxes<\/strong>: The average taxpayer will receive a 13% income tax reduction, saving about $340 a year. The budget increases investments in K-12 education, and this tax reform does not impact any K-12 dollars, including those approved by voters in 2020. Read more <a href=\"https:\/\/azgovernor.gov\/sites\/default\/files\/tax_relief__0.pdf\">HERE<\/a>.<\/li>\n<li><strong>K-12 Education<\/strong>: $30 million to ensure K-12 students have access to school transportation, $20 million in FY 2022 and $10 million in FY 2023 and $1 million to fund Career and Technical Education Certification Exams. Read more <a href=\"https:\/\/azgovernor.gov\/sites\/default\/files\/k-12_education_0.pdf\">HERE<\/a>.<\/li>\n<li><strong>Higher Education<\/strong>: Significant investments to support Arizona universities during the pandemic. Read more <a href=\"https:\/\/azgovernor.gov\/sites\/default\/files\/higher_education.pdf\">HERE<\/a>.<\/li>\n<li><strong>Public Safety<\/strong>: The government has allotted significant investments in the sectors of border safety, public safety, corrections &amp; rehabilitation, cyber security and homeland security. Read more<\/li>\n<li><strong>Child Care<\/strong>: The FY 2022 budget signed by Governor Ducey invests $1.2 billion in child care, compared to $181 million last year. This represents a five-fold increase in year-over-year childcare spending. Read more <a href=\"https:\/\/azgovernor.gov\/sites\/default\/files\/child_care_.pdf\">HERE<\/a>.<\/li>\n<li><strong>Infrastructure<\/strong>: $321 million total investment in transportation infrastructure in the FY 2022 budget. Read more<\/li>\n<li><strong>Health and Wellness<\/strong>: A major investment has been made in the sector of health and wellness. Read more <a href=\"https:\/\/azgovernor.gov\/sites\/default\/files\/health_and_wellness__0.pdf\">HERE<\/a>.<\/li>\n<li><strong>Natural Resources<\/strong>: This budget builds upon Arizona\u2019s proud tradition of water conservation and management. It includes significant investments in forest health and wildfire protection throughout Arizona. Read more <a href=\"https:\/\/azgovernor.gov\/sites\/default\/files\/natural_resources_.pdf\">HERE<\/a>.<\/li>\n<li><strong>Fiscal Responsibility<\/strong>: Arizona\u2019s FY 2022 budget stays true to Governor Ducey\u2019s commitment to deliver fiscally responsible, balanced budgets for Arizona. Read more <a href=\"https:\/\/azgovernor.gov\/sites\/default\/files\/fiscal_responsibility_.pdf\">HERE<\/a>.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">\n<hr \/>\n<p><span style=\"color: #000080;\">*Tanvi Singh, Editorial Assistant has put this story together.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Arizona Government has passed Arizona\u2019s\u00a0fiscally conservative budget for Fiscal Year 2022, which cuts taxes for all taxpayers while investing in education, transportation, <\/p>\n","protected":false},"author":121,"featured_media":185754,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-250756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast 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It also aims to continuing to deliver first-class\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/03\/MicrosoftTeams-image-2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":312729,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/01\/highlights-of-the-interim-budget-2024-legal-news\/","url_meta":{"origin":250756,"position":2},"title":"Highlights of Interim Budget 2024; Fiscal deficit in 2024-25 estimated to be 5.1 per cent of GDP: Finance Minister","author":"Editor","date":"February 1, 2024","format":false,"excerpt":"The interim budget 2024 contained strategies indicating approach for making India Viksit Bharat by 2047. No changes proposed in indirect and direct taxes.","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"Interim Budget 2024","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Interim-Budget-2024.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Interim-Budget-2024.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Interim-Budget-2024.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Interim-Budget-2024.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":283933,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/02\/15\/budget-2023-india-further-expands-tax-net-on-digital-services\/","url_meta":{"origin":250756,"position":3},"title":"Budget 2023: India Further Expands Tax Net on Digital Services","author":"Bhumika Indulia","date":"February 15, 2023","format":false,"excerpt":"by Tarun Jain\u2020 Cite as: 2023 SCC OnLine Blog Exp 17","rel":"","context":"In &quot;Experts Corner&quot;","block_context":{"text":"Experts Corner","link":"https:\/\/www.scconline.com\/blog\/post\/category\/experts_corner\/"},"img":{"alt_text":"Tarun Jain","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-107.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":209209,"url":"https:\/\/www.scconline.com\/blog\/post\/2019\/02\/01\/interim-budget-2019-2020-major-highlights\/","url_meta":{"origin":250756,"position":4},"title":"Interim Budget 2019-2020 &#8212; Major Highlights","author":"Bhumika Indulia","date":"February 1, 2019","format":false,"excerpt":"The key highlights of the Interim Budget 2019-20 presented by the Union Minister for Finance, Corporate Affairs, Railways & Coal, Shri Piyush Goyal\u00a0in Parliament today are as follows: \u00a0New Announcements Farmers 12 crore small and marginal farmers to be provided with an assured yearly income of Rs. 6000 per annum\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/budget.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/budget.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/budget.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/budget.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2019\/02\/budget.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":185734,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/02\/05\/summary-budget-2018-19\/","url_meta":{"origin":250756,"position":5},"title":"Summary of Budget 2018-19\u00a0","author":"Saba","date":"February 5, 2018","format":false,"excerpt":"Government says that it is firmly on course to achieve high growth of 8% plus as manufacturing, services and exports are back on good growth path. 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