Quantcast
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.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

 

x

Check Also

This June 3, 2016, file photo shows Sen. John McCain, R-Ariz., delivering a speech in Singapore. (AP Photo/Wong Maye-E, File)

After dramatic vote, McCain returns to Arizona for treatment (access required)

After casting the deciding vote that derailed Republicans’ seven-year quest to repeal the Affordable Care Act, U.S. Sen. John McCain is headed to Arizona to resume treatment following his diagnosis of an aggressive form of brain cancer.