Hobbs signs $18.3B Arizona budget, calling Trump-conforming tax cuts a ‘historic’ win

Arizona Gov. Katie Hobbs signed an $18.3 billion fiscal year 2027 budget with bipartisan support, including $1.4 billion in tax cuts aligned with Trump’s tax policies. The budget reduces funding for state agencies and includes a three-year moratorium on data center tax credits, while expanding child tax credits and increasing the standard deduction.