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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.

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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.