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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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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.