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.
“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.”
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