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Dec 10, 2009
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.
Dec 8, 2009
With cash flow problems, state may face budget cliff early next year
Arizona faces another budgetary cliff early next year, when the State Treasurer's Office might have to issue IOUs to pay bills if $735 million expected from the sale-leaseback of state assets does not materialize. Treasurer Dean Martin told a panel of lawmakers that the state needs to have the money by the end of January to be able to make payment to schools by Feb. 1.
