Republicans in the Legislature
have reached what they say is a budget agreement that largely mirrors the spending plan
outlined in January by
Governor Ducey. Scroll down-
The proposed new budget was approved by the Senate Appropriations Committee on a 5-3 party-line vote, with Republicans in favor.
The rush to a budget is four months before the budget takes effect and more than a week ahead of the Legislature's informal deadline for producing a budget the 65th day of its session.Doug Ducey. Ducey inherited a budget shortfall of about $1.5 billion for fiscal 2015, and next year.The new budget deal anticipates some rainy days, taking $102 million from the $464-million rainy-day fund.
The proposed new budget was approved by the Senate Appropriations Committee on a 5-3 party-line vote, with Republicans in favor.
The rush to a budget is four months before the budget takes effect and more than a week ahead of the Legislature's informal deadline for producing a budget the 65th day of its session.Doug Ducey. Ducey inherited a budget shortfall of about $1.5 billion for fiscal 2015, and next year.The new budget deal anticipates some rainy days, taking $102 million from the $464-million rainy-day fund.
K-12 would be spared cuts the deal call for $102 million more than is in the current budget. K-12 despite a court order that calls for five times that.
$104
Million cut to the state's three public universities
$19
Million would be lost in state funding,to Community colleges in Maricopa, Pima
and Pinal
$5 Million net loss from Child protective Service (CPS)
$37 Million cut in medical services
Tax cuts are included in the deal: About a $6 million reduction next year by indexing income-tax brackets to inflation and $6.5 million by eliminating the job-training tax paid by businesses.
The new
budget plan adds $52 million in revenues, about half what Ducey originally
expected, though the source of that money wasn't clear based on the documents.
Postponing for a year plans to
build a new 3,000-bed private prison.
