The Economic Estimates Commission is responsible for estimating Arizona’s personal income and the percent change in the per capita personal income for each fiscal year. The Commission also determines the maximum amount that is expected to be available for legislative appropriations from state tax revenues along with calculating the required appropriation to or transfer from the budget stabilization fund for each fiscal year. Additionally, the Commission calculates the expenditure limits for counties, cities and towns, community colleges, and the aggregate expenditure limitation for all school districts.
The Economic Estimates Commission consists of three members including the Director of the Department of Revenue or the director’s designee, who serves as chairman and two persons knowledgeable in the field of economics, with one appointed by the President of the Senate and one appointed by the Speaker of the House of Representatives for two-year terms. Current members include Deputy Director Grant Nülle, Elliott D. Pollack and Alan Maguire.
Personal Income Estimates
Budget Stabilization Fund