Quantcast
Don't Miss
Home / budget / House panel to consider debt limit increase

House panel to consider debt limit increase

An Arizona House committee is scheduled to consider a measure asking voters whether to increase the state’s debt limit while requiring voter approval for debts backed by tax dollars.

The House Appropriations Committee will hear the bill at 9 a.m. on Tuesday.

Arizona’s $350,000 debt limit is a tiny fraction of the state’s budget and hasn’t changed since 1912, when Arizona became a state. If approved by voters, the limit would be set at 5 percent of the state’s total net assessed property value.

The measure is sponsored by Senate President Bob Burns, a Republican from Peoria.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

One comment

Leave a Reply

Your email address will not be published.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

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

 

Scroll To Top