State Budgets: Arizona Considering Spending Cuts January 3, 2009 Joseph Bishop-Henchman Joseph Bishop-Henchman Negotiations recently broke down between Arizona Gov. Janet Napolitano (D) and the legislature over $400 million of spending cuts to the $9.9 billion budget. Officials estimate a $1.2 billion shortfall. In the last five years, Arizona’s government spending has grown at twice the rate of inflation and population increases. More on Arizona here. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Arizona Tags State Tax and Spending Policy