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Updated Jan 24, 2013 - 3:35 pm

Arizona economy coming back, slowly

PHOENIX — Economists who advise Arizona’s independent Legislative budget
analysts say residents who have hunkered down through years of tough economic
times may finally have reason to be a little more perky this year.

The state’s housing market is on the upswing, job growth has returned and that
means higher revenues for the state. That will provide slightly more money for
Gov. Jan Brewer to spend on priorities like education and adding Child
Protective Services workers.

But the economists serve on the Finance Advisory Committee agreed Thursday that
the independent forecast for state tax revenue growth released earlier this week
is closer to an accurate picture than that embraced by Brewer. If they’re right,
a projection by Brewer’s budget analysts for the 2013-2014 budget year is off by
$261 million.

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