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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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