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Home / budget / Burns proposes new controls on state borrowing, debt repayment (access required)

Burns proposes new controls on state borrowing, debt repayment (access required)

Senate President Bob Burns said he will propose a ballot measure to cap the state's ability to take on new debt. First, he wants to remove the debt limitation in the Arizona Constitution, which is $350,000. That limit has been in place since the state's founding in 1912.

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Arizona Gov. Jan Brewer holds up the contentious Medicaid expansion bill after signing it into law. (Photo by Evan Wyloge/Arizona Capitol Times)

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