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Home / Capitol Insiders / With cash flow problems, state may face budget cliff early next year (access required)

With cash flow problems, state may face budget cliff early next year (access required)

Arizona faces another budgetary cliff early next year, when the State Treasurer's Office might have to issue IOUs to pay bills if $735 million expected from the sale-leaseback of state assets does not materialize. Treasurer Dean Martin told a panel of lawmakers that the state needs to have the money by the end of January to be able to make payment to schools by Feb. 1.

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Ducey’s budget office, legislative leaders seek to block Prop 206 (access required)

In an amicus brief, Speaker-elect J.D. Mesnard, Senate President-elect Steve Yarbrough and Gov. Doug Ducey’s Office of Office of Strategic Planning & Budgeting told the Arizona Supreme Court that Proposition 206, will impose a “significant hardship” on the Legislature and Arizona’s taxpayers.