States starting to turn the corner on their Great Recession budget woes are taking the cautious approach, socking away millions of dollars in rainy day funds rather than restoring spending for education, health care and social services.Read More »
With his first full session as speaker of the House under his belt, Andy Tobin is feeling pretty pleased with the way things turned out: a balanced budget, money in the “rainy day” fund, and a second economic development package all signed by the governor.Read More »
Gov. Jan Brewer on Monday signed into law a new state budget that reflects the state's improving finances.
The budget's spending totals just under $8.6 billion for the 2012-2013 fiscal year starting July 1.
Arizona Legislative Republicans did the state a disservice by pushing through a bait-and-switch budget that lacks vision, leaves kids of working families without health care coverage and fails to create jobs.Read More »
The Republican-led Legislature plans to approve an $8.6 billion spending plan for the state on Tuesday, shortly after Gov. Jan Brewer and GOP leaders sealed a budget agreement last week.Read More »
While he likes parts of the governor’s spending plan, Senate President Steve Pierce isn’t completely convinced that the state can afford to buy back the buildings it mortgaged during the fiscal crisis two years ago.Read More »
Flagstaff schools are facing a $7 million budget gap in the district's $64 million operations budget despite a new 15 percent budget override approved by voters.Read More »
or Maine Gov. John Baldacci (D), the convergence of bad economic times and a depleted state emergency savings account is a familiar experience. When Baldacci stepped into office in 2003, he inherited a recession-battered economy and an empty reserve account, also known as a rainy day fund. As a result, he and the Legislature faced the daunting task of closing a $1.2 billion budget hole without a financial cushion to absorb any of the shortfall.Read More »