FOR IMMEDIATE RELEASE: February 8, 2011
CONTACT: Daniel Scarpinato
No gimmicks or borrowing in fundamental reform of state government
STATE CAPITOL, PHOENIX (March 31, 2011) – Under a budget package unveiled Thursday by the Arizona House of Representatives, the state budget would have a structurally-balanced budget for the first time in five years.
And for the first time in a decade, that goal will be accomplished with real cuts and long-term spending reforms – not through gimmicks, debt or borrowing.
The proposal includes $1.3 billion in spending reductions, and provides long-term solutions to put the state on a path of financial stability.
“This is a budget to be proud of,” said House Speaker Kirk Adams. “We are dramatically reducing the size and scope of state government to align with revenues, while also introducing some exciting and substantive long-term spending reforms that will fundamentally change state government, making it more efficient and responsible.”