ANNIVERSARY
$29.0M
00
SALES TAX REVENUE
$22.0M $22.5M
$22.0M
50
$18.1M
$17.8M
$14.1M
00
$11.7M
$10.4M
$10.2M
$9.4M
$8.8M
$8.7M
$8.0M
$7.6M
$7.5M
$7.4M
$6.7M
50
00
2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11
2011-12
2012-13 2013-14 2014-15 2015-16 2016-17
2017-18 2018-19 2019-20 2020-21
2021-22
Quality Service at a Fair Price
(520) 213-5021
Note: 2004-05 was the first full year of collection
Table 1
Category A
2004-05 2005-06 2006-07 2007-08
$7.50 $22.50 $22.00 $18.10
R22 FREON IS NOW OBSOLETE. CALL NOW FOR REPLACEMENT INFO.
Tune-up special
THE GREAT RECESSION, EXPLAINED 2008-09 $10.20 2009-10 $6.70 2010-11 $7.40
subprime mortgage market collapse. There were too many defaults on high- risk housing loans — which later led to a serious credit crunch that affected the global banking system and made bank loans nearly impossible to obtain. During the height of the housing bubble,
mortgage lenders approved as many home loans as they could, regardless of creditworthiness. Nearly 80% of those loans were adjustable-rate mortgages where the borrower couldn’t afford the payments once the introductory rate went away. Some subprime borrowers had poor credit histories and questionable streams of income. The loan verification process was so absent at the time that mortgage lenders issued "NINJA loans,” which stands for "no income, no job and no assets." The explosion in loans caused a higher demand for houses, which oversaturated the market. When those risky loans defaulted, home values tanked in Maricopa and the rest of the nation. The Financial Crisis Inquiry Commission, a 10-person committee formed by Congress in 2009 to investigate the financial crisis, said the causes included, "an explosion in risky subprime lending and securitization, an unsustainable rise in housing prices, widespread reports of egregious and predatory lending practices, dramatic increases in household mortgage debt, and exponential growth in financial firms' trading activities, unregulated derivatives and short-term‘ repo’ lending markets, among many other red flags."
2011-12 2012-13
$7.60 $8.00
The Great Recession is regarded as the nation's second-worst financial crisis. While many factors played into the crash, most economists say its origin was the 2013-14 $8.70 2014-15 $8.80 2015-16 $9.40 2016-17 $10.40 2017-18 $11.70 2018-19 $14.10 2019-20 $17.80
$70
2020-21 2021-22
$22.00 $29.00
HOME OF THE RED-VESTED HEROES
P Fast, Friendly Local Service P Affordable Service Repair and Replacement
SAFETY
October 2023
FREE SMART THERMOSTAT With Installation of
BUY TWO
GET ONE
New American Standard Unit
Select Fire Extinguishers, Smoke Alarms and Carbon Monoxide Alarms
Control
at your
fingertips
LED Halloween Light Sets
$9.99
24/7 SERVICE
Now providing American Standard lifetime maintenance service
Considering a Business Account? (520) 660-9581 B2B@karstensace.com
Coupon must be presented before
project
21542 N John Wayne Pkwy Maricopa AZ
(520) 494-7805 Open Every Day - Holiday Hours Vary
Expires 10/31/23
completion.
Licensed, Bonded and Insured
InMaricopa.com | October 2023
26
ROC#294841
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