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Your email address will not be published.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

immigration-620

Trump’s immigration crackdown puts the spotlight on Ducey, local police (access required)

Donald Trump’s crackdown on illegal immigrants puts the spotlight on border governors like Doug Ducey, who must decide whether to fully cooperate with the U.S. Department of Homeland Security and allow their state’s law enforcers to act as immigration agents.