AZ Economist: 'We Need To Think Bigger' After Downturn

Published: Monday, February 8, 2021 - 12:23pm
Updated: Monday, April 19, 2021 - 1:27pm
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Jim Rounds
Arizona economist Jim Rounds co-wrote a report that projects if Prop. 208 passes, it could result in a loss of 124,000 jobs and at least $2.4 billion in state and tax revenue in its first decade of implementation.

Arizona could have a roughly $2 billion surplus for the new fiscal year that starts on July 1, despite the economic uncertainty and turmoil brought on by the pandemic. That’s led to a number of ideas at the state Capitol for what to do with that extra money.

But some segments of the state’s economy have been hard-hit by the downturn, including leisure and hospitality, while others keep chugging along.

For more about where the state is economically, and where it might be going, The Show spoke with economist Jim Rounds, president of Rounds Consulting Group.

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