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Debt Dilemma

Debt Dilemma

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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Rocky road ahead

Rocky road ahead

From declining revenues to pay for transportation infrastructure, to a gas tax that is well below the national average and the rise in hybrid and electric vehicles, Arizona’s transportation infrastructure funding system is facing a crisis.

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