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Lottery renewal needed before state can borrow (access required)

The odds of winning the Arizona Lottery's big jackpot are about one in 175 million. The odds that lawmakers will sell off future lottery revenues for a quick cash infusion are exponentially better. As lawmakers ponder how to fix a fiscal 2011 budget deficit that is expected to top $2 billion, many are viewing lottery securitization as a last resort whose time has come.

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Ducey proposes $176 million in new spending, largely on K-12 education (access required)

Gov. Doug Ducey filled in the details of many of the proposals he unveiled in his State of the State address with an executive budget plan that includes $176 million in new spending for fiscal year 2018, with the lion’s share going to K-12 education.