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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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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.