Arizona falls out of top 10 in state economic outlook rankings

May 17, 2021, 3:00 PM
(Pexels photo)...
(Pexels photo)
(Pexels photo)

PHOENIX — For the second time in three years, Arizona is out of the top 10 in state economic outlook rankings in the American Legislative Exchange Council’s annual report.

Arizona came in at No. 13 in the Rich States, Poor States variable, down three spots from 2020.

“While we slipped three places in the ranking, are no longer in the top ten and are approaching what could be a crisis of competitiveness, hope still remains that we can correct course,” Chad Heinrich, Arizona state director for the National Federation of Independent Business, said in a press release.

The report used 15 state policy variables to calculate the rankings.

Arizona remained steady in most of the factors, but saw a sharp drop in top marginal personal income tax rate from No. 13 to No. 42.

The variable includes local taxes and any impact of federal deductibility with tax rates as of Jan. 1 in Phoenix, the state’s most populous city.

Arizona hadn’t been below No. 16 in top marginal personal income tax rate in any year since 2008.

The state was in the top third in 10 of the 14 other categories, excluding personal income tax progressivity, state minimum wage, sales tax burden and debt service as a share of tax revenue.

Utah finished as the top state for the 14th consecutive year.

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

(Facebook Photo/City Government of Chandler, Arizona)...

Chandler City Council approves policy to prohibit acts of discrimination

The Chandler City Council voted 6-1 to adopt an ordinance that prohibits discrimination during Monday’s meeting.
1 day ago
(Photo by Mike Simons/Getty Images)...
Associated Press

Execution warrant requested for Arizona death row inmate

The Arizona Attorney General’s Office has requested the state Supreme Court issue a warrant of execution for death row inmate Aaron Gunches.
1 day ago
(Facebook Photo/Angel Zamora)...

2 Phoenix police officers charged with assault in October incident with shooting suspect

Charges against two Phoenix police officers accused of assaulting a shooting suspect during an October arrest have been submitted to the Maricopa County Attorney's Office.
1 day ago
(Screenshot via Glendale Police Department)...

Glendale police said officer who activated Taser on shoplifting suspect 14 times followed policy

Glendale police said an officer who activated a Taser 14 times on a shoplifting suspect Tuesday acted within department policy.
1 day ago
(Frank Lloyd Wright Foundation Photo/Andrew Pielage)...

Frank Lloyd Wright’s Taliesin West in Scottsdale to host 1st holiday experience

The Scottsdale winter home and studio of renowned architect Frank Lloyd Wright will host two weekends of holiday-themed activities open to the public for the first time.
1 day ago
Teofilo Acuna Gutierrez (Photo courtesy of DPS)...

Silver Alert canceled for 78-year-old man last seen in Phoenix

A Silver Alert was canceled Wednesday evening in Phoenix for a 78-year-old man who hasn't been spotted since Friday.
1 day ago

Sponsored Articles

Day & Night Air Conditioning, Heating and Plumbing

Prep the plumbing in your home just in time for the holidays

With the holidays approaching, it's important to know when your home is in need of heating and plumbing updates before more guests start to come around.
Quantum Fiber

Stream 4K and more with powerful, high-speed fiber internet

Picking which streaming services to subscribe to are difficult choices, and there is no room for internet that cannot handle increased demands.
Quantum Fiber

How high-speed fiber internet can improve everyday life

Quantum Fiber supplies unlimited data with speeds up to 940 mbps, enough to share 4K videos with coworkers 20 times faster than a cable.
Arizona falls out of top 10 in state economic outlook rankings