Arizona Governor Doug Ducey on June 30 signed off on a $12.8 billion state spending plan that includes $1.3 billion in immediate tax cuts and millions in targeted investments for education, child care, public safety, and wildfire prevention. “Each and every Arizona taxpayer, no matter their income, will experience a tax cut under our historic tax reform,” Ducey said in a statement on Wednesday. “That means job creators will continue to choose our state to expand operations, working families will get to decide how they spend more of their hard-earned dollars, and those who [have] served our nation will rightfully keep more of their own money.” The Republican governor said the budget, signed a day before the new fiscal year went into effect, fulfills his commitment to working families, veterans, and protects small businesses from a 77.7 percent tax increase. The spending plan will reduce income taxes by 13 percent, …
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