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Your email address will not be published.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

loan-620

Arizona charitable giving improves thanks to tax credit law change (access required)

Whether they’re conscious or not of Arizona’s reputation, legislators have over the years hunkered down to encourage charitable giving.