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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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BofA halts foreclosures in 50 states

A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states.

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Brewer: Budget can be balanced without tax hike (access required)

Gov. Jan Brewer said she believes the state can balance its budget next session without another tax hike, but she didn't rule out the possibility. "I am hoping that we do not," Brewer said at a Sept. 30 press conference on the steps of the Executive Tower.

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