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rainy day fund

Mar 28, 2020

Arizona governor signs stripped-down $11.8 billion budget

Arizona Gov. Doug Ducey signed a stripped-down emergency state budget Saturday that contains $50 million in spending to help tenants, homeowners and small businesses weather the coronavirus crisis.

Mar 20, 2020

Lawmakers grateful for rainy-day fund, some hold to principles against it

As some grocery store shelves lay as bare as Cactus League stadiums and restaurant dining rooms, lawmakers in the Arizona Legislature are scurrying to wrap up their business, begin their social isolation and hunker down for a storm. Their rainy day is here.

Jan 9, 2020

House GOP policy plan covers old ground, unfinished battles

Republican leadership in the House of Representatives released a general framework of policy and spending goals for the upcoming legislative session on January 9, laying out a broad-stroke vision for nine key issues to watch in 2020.

Jun 21, 2019

Session Wrap with Gov. Doug Ducey

In the first session of Doug Ducey’s second term in office, the governor experienced his longest session yet, though the results were much the same – Ducey got most of what he wanted, including a billion dollars tucked away for a rainy day.

Republicans, GOP, DeWit, Ward, election, MAGA, Trump, Lake, Hobbs, Schweikert, ballots, tabulation
May 23, 2019

House Republican threatens vote against budget

Saying the budget agreement crafted by GOP legislative leaders and Gov. Doug Ducey is “not a conservative budget,” Rep. Tony Rivero, R-Peoria, vowed to vote against it Thursday unless his colleagues agreed to several significant changes.

In this April 1, 2019 photo, Arizona Sen. Heather Carter, left, chats with Sen. Kate Brophy McGee during a break in the Arizona Senate in Phoenix. Carter and fellow Republican, Rep. John Allen, are facing off over competing proposals to regulate tobacco and vaping products. (AP Photo/Bob Christie)
May 20, 2019

The Breakdown: Rumor has it

Today’s the day lawmakers in both the House and the Senate hope to introduce budget proposals, but don’t hold your breath for sine die just yet.

May 6, 2019

Ducey draws line in sand on rainy-day fund

Calling an economic downturn "inevitable,'' Gov. Doug Ducey is pushing back against demands by lawmakers from his own Republican Party to use an unexpected cash windfall to pay down debt.

Gov. Doug Ducey PHOTO BY KATIE CAMPBELL/ARIZONA CAPITOL TIMES
Jan 13, 2019

Q&A with Gov. Doug Ducey

I think that you’ll see a “State of the State” that focuses on things that matter, things that are important inside our state and things that will secure the future for Arizona and put us in a position to continue to grow and prosper.

Nov 29, 2016

Douglas wants to use rainy-day fund for 5 percent teacher pay raise

Superintendent of Public Instruction Diane Douglas presented a $680 million wish list of education spending Tuesday.

Jul 24, 2015

Revenue boost means state won’t have to dip into rainy day fund

Strong revenue collections turned a $132 million shortfall into a $266 million cash balance at the end fiscal 2015, a preliminary analysis shows.

Jul 21, 2015

Arizona reports budget surplus after taxes

Arizona ended the budget year with a $266 million surplus, a stark contrast from the $132 million deficit lawmakers had planned for.

House sets committee rosters, Dems stronger on Appropriations
Oct 10, 2013

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.

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