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Next governor will have few options in dealing with $1 billion deficit (access required)

Next governor will have few options in dealing with $1 billion deficit <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/12/lock1.png" border=0/></span>

Like Gov. Jan Brewer in 2009, the winner of the gubernatorial race between Republican Doug Ducey and Democrat Fred DuVal will find himself in the unenviable position of trying to erase a massive budget deficit. Legislative fiscal analysts say the state is expected to face a $520 million deficit for the current fiscal year and will be in a $1 billion hole in fiscal year 2016, which begins next July 1.

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Hostile amendment slows House passage of budget bill

The fate of a bill that would delay payments to schools and universities as a deficit-closing gimmick is in question after the House of Representatives amended the measure, linking its enactment to a jobs creation and business tax cut bill that is stalled in the Senate.

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Arizona said to be on track for financing

Arizona is on track to complete a big financing deal needed so the cash-short state government can pay its bills during February, officials said Jan. 6. The Department of Administration said it plans to complete approximately $735 million of sale-leaseback financing for prisons, legislative buildings and other state properties this month.

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