Tag Archives: rainy day fund

Debt Dilemma (access required)

House sets committee rosters, Dems stronger on Appropriations

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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Brewer: Senate budget means end is near (access required)

Gov. Jan Brewer speaks to reporters May 14 in the Capitol press room about the state budget and Medicaid expansion. (Photo by Jim Small/Arizona Capitol Times.)

Gov. Jan Brewer said the budget introduced today by Senate President Andy Biggs is fairly close to her own and that she has few problems with the proposal, except for one major exception – it doesn’t include the expansion of Arizona’s Medicaid program.

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