Archives for December 2019

Rep. Petersen Introduces Bill to Stop Rollovers of K-12 Funding

STATE CAPITOL, PHOENIX – House Majority Leader Warren Petersen (R-12) issued a statement today regarding legislation he has introduced for the 2020 session that would amend the state constitution to prohibit K-12 rollovers, ensuring that education funding is delivered to our schools on time, and in full. A rollover represents a deferral of the payment from the year in which the obligation was incurred to the next fiscal year.

Rep Warren Petersen
Rep. Warren Petersen (photo credit: Gage Skidmore)

“In the mid-2000s, Arizona implemented budget gimmicks like K-12 rollovers to counter poor fiscal decisions and a faltering economy,” said Representative Petersen.  “Fortunately, under conservative leadership, Arizona has righted its fiscal ship and the economy is strong.  But we need to be prepared for a future downturn.  Arizona has taken some excellent decisions like paying off debt and amassing a billion-dollar rainy day fund.  Now it’s time to eliminate the K-12 rollover and prevent future utilization.  A statutory change would be too easy to go around.  That’s why I have introduced a constitutional amendment to prohibit the deferment of K-12 payments from one budget year to the next.”