Economy - AZ FREE NEWS

Gilbert Town Council Sued By Goldwater Institute For “Illegal” Pickleball Tax

Jan 12, 2025

By Matthew Holloway | The Town of Gilbert is the target of a lawsuit by the Goldwater Institute on behalf of the Home Builders Association of Central Arizona and a local property owner, Jonathan Barth, for allegedly violating the Arizona Constitution which bans tax...

Arizona’s Low Tax Rate Lures Star Pitcher To Diamondbacks

Jan 5, 2025

By Daniel Stefanski | Arizona Republicans highlighted their state’s low tax rate after a recent signing of a baseball star with the hometown team. Late last month, Corbin Burnes, a free agent pitching star, decided to sign with the Arizona Diamondbacks, shocking most...

2025 Tax Elimination Set To Save AZ Renters Money

Jan 4, 2025

By Matthew Holloway | Arizona renters and landlords alike will get to breathe a sigh of relief this month when the Transaction Privilege Tax (TPT), applied by cities to rental payments every single month, is eliminated. While the cities that will no longer enjoy this...

Rep. Schweikert Pitches Solutions To Rising Costs And Decreasing Wages

Dec 18, 2024

By Matthew Holloway | Congressman David Schweikert (R-AZ-01) offered his fellow Congress members a gift in his weekly speech on Thursday. The former Arizona State Treasurer and nation’s de facto accountant presented solutions to the problems “that directly contribute...

Maricopa County Committee Calls For 20-Year Extension Of Existing Tax Rate

Dec 16, 2024

By Matthew Holloway | The Maricopa County Board of Supervisors’ Public Safety Funding Committee (PSFC) presented its findings last week and has recommended that it pursue a 20-year extension of the existing voter-approved tax rate of 1/5th of a cent, set to expire in...

Phoenix Is One Of The Most Debt-Burdened Cities, According To New Study

Dec 13, 2024

By Staff Reporter | The city of Phoenix is one of the cities with the most debt in the country, according to a new study. Per a study from LendingTree, Phoenix ranks 18th among the 50 largest metropolitan cities for debts held. The average Phoenix resident...

Maricopa County Industrial Development Authority Directs Bond Funds Toward New Home Lending Option

Dec 9, 2024

By Matthew Holloway | A major infusion of public bond-funded dollars into Arizona’s first “nonprofit Green Bank,” the Sustainable Home Improvement Loans of Arizona (SHILA), was announced last week by the Maricopa County Industrial Development Authority (MCIDA). The...

Rental Tax Relief Law Set To Take Effect On January 1

Dec 8, 2024

By Daniel Stefanski | Arizona Republican efforts to lower monthly bills for renters around the state have come to fruition. Late last month, Arizona Senate President Warren Petersen shared a screenshot from an apartment property manager, alerting residents that rental...

Mesa City Council Approves Across-The-Board Utility Rate Hikes

Dec 5, 2024

By Matthew Holloway | During a city council meeting this week, Mayor John Giles and the Mesa City Council voted to approve across-the-board increases in the city’s utility rates and fees covering solid waste removal, electricity, gas, water, and wastewater. Over...

Arizona Utilities To Join Emerging Market In Hope Of Reducing Energy Costs

Dec 2, 2024

By Daniel Stefanski | Arizona utilities providers recently revealed plans to partner with an emerging energy market. Earlier this week, representatives from Arizona Public Service (APS), Salt River Project (SRP), Tucson Electric Power (TEP), and UniSource Energy...

Christmas And Hanukkah Shopping Expected To Reach Up To $989 Billion

Nov 30, 2024

By Matthew Holloway | The National Retail Federation (NRF) and Prosper Insights & Analytics have released a new survey indicating the hottest selling toys and gifts for the holiday season. In a press release, NRF Vice President of Industry and Consumer Insights...

Thanksgiving Costs Down, But Not Lower Than Pre-Biden Era

Nov 25, 2024

By Staff Reporter | Thanksgiving dinner will cost less than it did last year, but it will still be harder on your wallet than before President Joe Biden took office. Per the Farm Bureau’s annual analysis of Thanksgiving dinner staple costs, the price...