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Arizona said to be on track for financing
Arizona is on track to complete a big financing deal needed so the cash-short state government can pay its bills during February, officials said Jan. 6. The Department of Administration said it plans to complete approximately $735 million of sale-leaseback financing for prisons, legislative buildings and other state properties this month.
ADOA says new state financing on track
The state says it's on track to obtain new financing that Treasurer Dean Martin says Arizona needs to avoid having to issue IOUs for state paychecks and other payments in February.
State prepares for possible shutdown, but full impact unclear
Prisoners won’t run free and cops won’t disappear from the highways if the budget crisis leads to a shutdown of Arizona state government. But many of the services Arizonans rely on will be conspicuously absent, as will the paychecks of those who provide them.
