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Debt Dilemma (access required)

Debt Dilemma <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/12/lock1.png" border=0/></span>

2010 decision to mortgage state’s assets threatens cash reserves

Borrowing billions of dollars allowed Arizona to limp through the worst financial crisis in its history. But the decision to mortgage state assets that include the House and Senate buildings has an unwanted underside: It precludes the state from having significant cash reserves.

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Time to call the collection agency

The 2012 campaign is long over, but the Open Government Committee’s campaign debt lives on. According to campaign finance reports, the committee, which led the charge for Prop 121, ended the cycle with $502,000 in outstanding debt, about $405,000 of which is owed to the consulting firm Riester – none of which has been paid back.

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RNC helps dig AZ GOP out of debt

The Republican National Committee rode to the Arizona Republican Party’s rescue, writing it a $50,000 check in early March that was then used to pay down the state party’s crushing debt load. According to the latest FEC campaign finance report, the party paid off roughly 70 percent of the $88,841 debt it reported last month, and is now reporting $24,730 owed.

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Debt reduction is next fiscal hurdle (access required)

After policymakers borrowed heavily to keep government afloat amid a festering fiscal crisis that blew holes in the state’s budget for four years, a former Senate president tried to put into place a mechanism to rein in politicians’ appetite for debt-financing.

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