Wednesday, April 1, 2009

The Budget! Which One?

A wide variety of budget balancing proposals have been released within the last few weeks and state agencies were required to submit budget cut options totaling 5, 10, 15 and 20 percent of their appropriations. Legislators are far from making firm decisions about any of the options and are meeting in small groups to weigh in on their priorities.

The House and Senate Republicans have developed a budget plan – not yet balanced - which relies heavily on agency budget cuts and fund transfers. On the other side of the aisle, House Democrats have released a “Roadmap for Arizona’s Future” which relies less on agency cuts by increasing revenues by suspending tax credits and increasing selective taxes.

Last month, Senate Democrats announced budget strategies which also avoid deeper agency cuts by proposing revenue-generating options such as securitizing the state lottery and suspending tax credits. Meanwhile, Governor Brewer proposed a five-point plan that includes $1 billion in agency budget cuts. Specifics have not been released.

Source: Children's Action Alliance

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