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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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Brewer seeks $317 million in new spending, largely for K-12 (access required)

Brewer seeks $317 million in new spending, largely for K-12 <span class="dmcss_key_icon"><img alt="(access required)" src="/files/2013/12/lock1.png" border=0/></span>

The Governor’s Office unveiled an $8.9 billion budget plan today for fiscal year 2014, which included $317 million in new spending. “We’re finally comfortable using red, so that should tell you something about the state budget,” John Arnold, director of the governor’s Office of Strategic Planning and Budgeting, joked about the bright red color of the budget books distributed to the media at a press briefing today.

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