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ADE says work being done on ESA program as ClassWallet continues as vendor
With ClassWallet in the process of continuing its contract with the state as the Empowerment Scholarship Account financial vendor, the Arizona Department of Education confirmed work on long-term changes to the program, most notably the revival of debit cards using automation and artificial intelligence.
ESA data breach prompts state Homeland Security investigation
A recent data breach involving the contractor in charge of Arizona’s expanded Empowerment Scholarship Account (ESA) program is now under investigation by the Arizona Department of Homeland Security.
ESA program director resigns while ADE, treasurer’s office mull which firms to hire
The director of the state’s Empowerment Scholarship Account program resigned yesterday.
Hobbs cancels $50M for ESA all-day kindergarten
Gov. Katie Hobbs says she’s cancelling a $50 million contract that would have paid for students to attend all-day kindergarten at non-public schools using Empowerment Scholarship Accounts, or school vouchers.
Dems retract allegation on Ducey emails
The Arizona Democratic Party retracted a statement it released alleging that state Treasurer Doug Ducey, the GOP nominee for governor, did not use his official email account for the entire year of 2013.
Ducey looked for, found the right opportunities in life
In the early 1990s, Doug Ducey’s career at Proctor and Gamble was on the rise. Just a few years after starting out with a sales and marketing territory in Los Angeles, he was in charge of the company’s food service distributorship for the entire state of California. But Ducey was looking for something different.
State borrows $700M; first external loan since Great Depression
The State Loan Commission has approved a $700 million line of credit from Bank of America, marking the first external borrowing the state has done since the Great Depression. State Treasurer Dean Martin said his office will finalize the agreement with Bank of America next week and will begin issuing treasurer's warrants by the end of November.
State cash reserves should last through September
The state's cash reserves are dwindling fast, but Arizona should be able to keep paying its bills through the end of September. If no budget is in place by the start of October, however, the state will likely have to borrow from the private sector for the first time in memory, if not the state's history.
