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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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JLBC: Arizona budget shortfall growing

Forecast information released Sept. 29 by the Joint Legislative Budget Committee staff has the state's current $8.5 billion budget facing a potential shortfall of up to $825 million. That's up from the previous forecast for a midyear shortfall of up to $700 million.

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