Post by Logan on May 11, 2016 4:41:58 GMT -6
Gov. Doug Ducey has signed into law the $9.6 billion state budget passed by the Legislature last week.
"This budget is balanced, it's values-based and it tackles our greatest challenges," Ducey said in a statement. "It makes critical investments in K-12 education, child safety and public safety -- all without raising taxes."
The budget, which takes effect July 1, restores some funding to K-12 education and provides an $8 million tax cut for business owners.
According to the Joint Legislative Budget Committee, the budget is expected to leave the state with $66 million in the bank by the end of next fiscal year and a $1.5 million structural balance.
Read more: www.azcentral.com/story/news/politics/arizona/2016/05/10/gov-doug-ducey-signs-96-billion-budget/84183776/
It's a necessary step to keep government running and considering that other states are having budgetary pressures due to falling commodity prices it is fortunate that Arizona was able to find a way to increase their investments, particularly as how it relates to children.
"This budget is balanced, it's values-based and it tackles our greatest challenges," Ducey said in a statement. "It makes critical investments in K-12 education, child safety and public safety -- all without raising taxes."
The budget, which takes effect July 1, restores some funding to K-12 education and provides an $8 million tax cut for business owners.
According to the Joint Legislative Budget Committee, the budget is expected to leave the state with $66 million in the bank by the end of next fiscal year and a $1.5 million structural balance.
Read more: www.azcentral.com/story/news/politics/arizona/2016/05/10/gov-doug-ducey-signs-96-billion-budget/84183776/
It's a necessary step to keep government running and considering that other states are having budgetary pressures due to falling commodity prices it is fortunate that Arizona was able to find a way to increase their investments, particularly as how it relates to children.