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Financial advisory group projects smaller revenue growth in FY12
A legislative economic panel, whose recommendations legislators typically use in forecasting how much cash the state will get, has downgraded its revenue forecast for next year.
Payback, policy changes included in budget bills
Lawmakers this year said they strove to keep non-budget policy changes out of the budget package and, while many that were originally considered were removed, they couldn’t completely insulate the final compromise from policies whose ties to the budget are tenuous, at best.
Arizona board approves steep tuition hikes
Despite recent student protests, regents for Arizona's public universities voted Thursday to dramatically hike tuition, but also will offer rebates to some students to help ease the financial strain.
Bill to make school tax credits more generous OK’d
The Arizona Legislature has approved a bill to make the state's tax credit programs for donations for private school scholarships more generous.
Final plans reflects conservatives’ clout at the Capitol
The tentative budget agreement legislative leaders and Gov. Jan Brewer reached late Wednesday night slashes $1.14 billion from the budget and more forcefully reflects the ascent of fiscally conservative Republicans at the Capitol.
Senate budget plan deliberately ends FY11 in the red; Republicans call it transparent, honest
Instead of balancing the budget by borrowing money, deferring payment to schools or resorting to any other accounting maneuver, the Senate is proposing to cut spending as much it can, even if it means the current fiscal year ends with the state in the red.
On the Brink: School districts fear largest ever payment deferral will mean financial ruin
As they grapple with an unrelenting fiscal crisis for the third year in a row, Arizona’s policymakers have increasingly turned to an accounting maneuver to stave off crippling cuts to education.
Arizona state government revenue up in December
Legislative budget analysts say December provided a measure of good news for the state government's revenue situation, but they say it doesn't necessarily indicate a sustained economic recovery.
Unpaid days off for state employees would go away
Those unpaid furlough days for Arizona state employees would be a thing of the past under Gov. Jan Brewer's proposed new state budget.
Thursday a furlough day for most state workers
Most state government offices will be closed Thursday for the fifth furlough day of 2010.
Gov. Brewer says Ariz. wants Medicaid waiver
Arizona Gov. Jan Brewer said Thursday she'll ask for a waiver under the federal health care overhaul so Arizona can reduce its Medicaid rolls to lower costs that Brewer and fellow Republicans say the cash-short state can't afford. If approved, the change could mean the loss of government-funded health care for hundreds of thousands of people.
Arizona not alone in fiscal storm
The recession hit Arizona hard, but the situation here isn't as precarious as in Illinois, which is struggling from a whopping $13 billion budget deficit. Like Arizona, many states face significant budget shortfalls this year, a situation that probably will get worse as federal aid expires next year.
