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Wishful thinking interrupted by budget reality (access required)

JLBC has singled out three budget provisions that wouldn't live up to their billing: a plan to save $50 million due to reduced fraud in the health care system; deals to privatize nine of the 10 state prisons; and a plan to raise $735 million by selling dozens of state buildings, then leasing them back. But there's more.

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Lottery renewal needed before state can borrow (access required)

The odds of winning the Arizona Lottery's big jackpot are about one in 175 million. The odds that lawmakers will sell off future lottery revenues for a quick cash infusion are exponentially better. As lawmakers ponder how to fix a fiscal 2011 budget deficit that is expected to top $2 billion, many are viewing lottery securitization as a last resort whose time has come.

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No moratorium, Senate to hear bills early in session (access required)

The Senate is going to hear bills when session starts, Senate President Bob Burns said Oct. 29. This is a departure from the strategy the Senate leadership adopted during the most recent regular session, when a moratorium on hearing non-budget bills was used so lawmakers could direct all their energy to solving the state's record-breaking budget deficit.

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Arizona leaders to tackle budget at 95th Town Hall at Grand Canyon

More than 100 Arizona leaders will meet in Grand Canyon Village on Nov. 1-4, as part of the 95th Arizona Town Hall meeting, focusing on the fiscal problems of the state. The meeting, entitled "Riding the Fiscal Roller Coaster: Government Revenue in Arizona," is hosted by the Arizona Town Hall nonprofit organization, which organizes the event biannually.

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Budget gap grows as result of ‘unrealized savings’ (access required)

Legislative budget analysts said last week that $165 million of the state budget deficit is due to "potential unrealized budget savings" that were assumed as part of the spending plan, which was designed to bridge a $3 billion shortfall. In short, several savings measures won't work as planned.

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