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Legislature fixes $650M deficit in fiscal 2009 (access required)

By Luige del Puerto - luige.delpuerto@azcapitoltimes.com

Published: May 13, 2009 at 11:18 pm

The Senate and the House approved a plan on May 13 that suspends a payment of $300 million to school districts until the next fiscal year and instead allows them to tap into their excess cash balances to cover ongoing expenses. The plan is part of a two-bill package aimed at solving a $650-million budget deficit in fiscal 2009.

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ARIZONA LEGISLATIVE REPORT