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For many lawmakers, disclosures don’t provide estimate of holdings’ total value

Among other things, financial disclosure forms require lawmakers to list assets such as stocks, bonds, mutual funds and real property to identify potential conflicts of interest. Lawmakers also have to assign broad ranges of value to each asset. But estimating the maximum total value of a lawmaker’s holdings is impossible in many cases. The reason: The forms have an uppermost range of “more than $100,000,” and 49 of 90 lawmakers serving at the start of the 2010 session listed one or more assets in the highest range.

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ASRS director says fund solid, Legislature can’t touch it

Even with a mind-numbing return on investment of minus 18 percent and a report suggesting that the Arizona State Retirement System is woefully underfunded, retirees and current employees banking on a stable pension check need not worry.

So says Paul Matson, ASRS director, who notes that the retirement system is sitting on a whopping $25.5 billion pot of money.

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Pierce defends Mills

Sen. Steve Pierce defended Buz Mills over recently publicized news that a Florida judge ruled that Mills defrauded a business partner during the 1997 sale of his telecom company, OPM-USA, Inc. "I think everyone who's ever been in business has been in conflict with someone," said Pierce, who is backing Mills' run for governor.

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Judge’s ruling: Mills defrauded his business partner

Buz Mills has made it clear he’s ready to spend a boatload of cash on his campaign to become Arizona’s next governor, but eight years ago a judge in Florida ruled that Mills cheated a business partner out of millions of dollars by withholding information about the sale of a company both of them owned.

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The time is now for job recovery

Arizona is in desperate need of a job-creation package that will accelerate economic recovery. Our budget challenges will remain until 2014, 2015 and possibly 2016. Arizonans cannot afford to wait five years for a jobs-package.

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