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Tag Archives: Joint Legislative Budget Committee (JLBC)

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Analysts: AZ could get cash infusion by lifting Medicaid freeze (access required)

A year ago, Republicans boasted that they made the tough decisions on state spending needed to close a massive budget deficit. The decision to freeze enrollment in state-funded health care for the poor was held up most often by Republicans as a shining example of how they addressed the festering fiscal imbalance.

But one incentive might persuade Arizona’s policymakers to let the uninsured back into the Medicaid fold: cash — lots of it.

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Wishful thinking interrupted by budget reality (access required)

JLBC has singled out three budget provisions that wouldn't live up to their billing: a plan to save $50 million due to reduced fraud in the health care system; deals to privatize nine of the 10 state prisons; and a plan to raise $735 million by selling dozens of state buildings, then leasing them back. But there's more.

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Budget gap grows as result of ‘unrealized savings’ (access required)

Legislative budget analysts said last week that $165 million of the state budget deficit is due to "potential unrealized budget savings" that were assumed as part of the spending plan, which was designed to bridge a $3 billion shortfall. In short, several savings measures won't work as planned.

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Budget deficit now estimated at $2 billion

Legislative budget analysts said tax collections in the first quarter of the fiscal year have been so sluggish that they have revised revenue projections downward. Now, the deficit for fiscal 2010 is $2 billion. In order for the state to collect the $7.1 billion it anticipated this year, revenues would have to grow by nearly 1 percent from the prior year. However, collections are down 16 percent after the first three months.

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