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Home / budget / State debt: Arizona’s money pit (access required)

State debt: Arizona’s money pit (access required)

The state has borrowed more than $2 billion during the past four fiscal years, boosting its total debt load to $9.7 billion. At least one-third of the state’s debt must be repaid using money from the same account that lawmakers draw upon to pay for public education, Medicaid programs and other basic government services.

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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)

Arizona appeals court says Medicaid expansion law is constitutional (access required)

The court said the law imposed an assessment that is exempt from the requirement that any act by lawmakers increasing state revenues, such a tax hike, must get a two-thirds vote in the Legislature.