Two associates of former Arizona Rep. Rick Renzi are set for trial this week in a case tied to allegations that the congressman looted his family insurance business to fund his campaigns and for personal expenses.Read More »
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Arizona Attorney General Terry Goddard is warning payday loan stores not to try to keep operating as usual after a law authorizing high-interest loans expires at the end of the month.Read More »
Arizona's budget troubles could force the state to delay paying some bills as early as September, state Treasurer Dean Martin said Wednesday, in a situation complicated by his effort to win the Republican gubernatorial nomination over Gov. Jan Brewer.Read More »
Phoenix city leaders have decided to wait two years before deciding whether to increase a city property tax rate.Read More »
Mills' consultant Camilla Strongin said she wasn't surprised at all to see the sales tax increase sail to an easy victory - and added Brewer's near constant urging for the measure will come back to haunt the governor in the GOP primary. "I think it clearly solidifies her credentials as a tax-hike governor," she said. Strongin attributed the election night blowout to the total lack of an opposition campaign and a combination of "misinformation and scare tactics."Read More »
Prop 100 may have the money and backing of most of the state's business community, health care officials, teachers and the governor, but candidates in battleground Congressional districts are just saying ‘no' to the proposed sales tax increase.Read More »
Arizona Gov. Jan Brewer has signed a bill requiring mortgage lenders to try to work with homeowners to avoid foreclosures.Read More »
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.Read More »
A city official says Phoenix could possibly lose hotel and convention center business worth about $90 million over the next five years because of fallout from Arizona's new immigration law.Read More »
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.