Phoenix braces for budget impacts following moves at state legislature

The city of Phoenix expects to lose over $85 million annually after the residential rental tax was eliminated at the start of this year, as well as the flat 2.5% income tax that was recently implemented.

The city of Phoenix expects to lose over $85 million annually after the residential rental tax was eliminated at the start of this year, as well as the flat 2.5% income tax that was recently implemented.