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State may need to issue IOUs (access required)

Arizonans may no longer be able to take pride that things here haven’t gotten as bad as in California. State Treasurer Dean Martin said Arizona may need to start issuing IOUs if the Legislature and Gov. Jan Brewer fail to approve a budget by Aug. 17.

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Fiscal reality intrudes on Ducey’s ambitious agenda (access required)

After Gov. Doug Ducey’s State of the State address, the most common question among lawmakers of both parties was how the governor would pay for the grand ambitions he laid out. The answer, given a few days later in his executive budget plan, was to put a few drops in a lot of different buckets.