Quantcast
Home / Capitol Insiders / Debt Dilemma (access required)

Debt Dilemma (access required)

2010 decision to mortgage state’s assets threatens cash reserves

Borrowing billions of dollars allowed Arizona to limp through the worst financial crisis in its history. But the decision to mortgage state assets that include the House and Senate buildings has an unwanted underside: It precludes the state from having significant cash reserves.

Leave a Reply

Your email address will not be published.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

*

 

x

Check Also

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.