PHOENIX -- The future of the Arizona economy -- and the amount of money the state can spend on programs -- may be dependent on the richest residents keeping the state afloat, according to financial experts who study all this.

At a meeting Thursday of the state's Finance Advisory Committee, several economists said 90% of Arizonans are curtailing their spending as they are worried their income isn't keeping pace with the cost of goods. And at least part of what makes that significant is that a big chunk of the state budget is financed from sales taxes. ×

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