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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.
Toll road bill sent to governor
State lawmakers sent Gov. Jan Brewer a bill that ensures money for toll roads is collected. Arizona does not have toll roads, but it may in the future as some state lawmakers have suggested. Three years ago, lawmakers approved a bill authorizing public-private partnerships to help build state infrastructure. Toll roads are one of the possible projects.
