Budget stability & jobs dominate session

May 23, 2012

The 2012 session places Arizona on strong economic footing

  • For the second year in a row the Legislature achieved a balanced budget, w/o gimmicks, sweeps & rollovers AND without additional cuts.
  • Multi-year budgeting.  Charting a new course of responsible fiscal management for the state, the 50th Legislature balanced budgets for Fiscal Years 2012, 2013 and 2014, even with the temporary one percent sales tax increase expiring.
  • Saved $450 million in a rainy day fund for contingencies to prevent future cuts in an uncertain and slow economic recovery.
  • Stability reaps results. 93,000 new jobs created in February, March and April

Economic/Jobs Initiatives  [Read more]

2012 session missed healthcare (My Turn)

May 23, 2012

“You can’t change your destination overnight, but you can change your direction overnight”.

Speaker/author Jim Rohn may not have had Arizona in mind, but his principle certainly applies.  The Arizona Chamber summed up our situation like this, “the Legislature hit reboot on the Arizona economy and turned what was a basket case into a best case.”

While almost every state suffered precipitously low revenues during this recession and historically slow recovery, how did Arizona end this year in the black with significant savings to spare – while creating 47,000 new jobs in February & March alone?  Especially considering that Arizona was one of the states hardest hit.

In short, we acted like grown-ups.  Like thousands of Arizonans who lost their nest eggs, jobs, and homes, the state made our budget work while funding essential priorities – education, public safety and health care for the most vulnerable. The 2013 budget is balanced, as will be the 2014 budget – without the borrowing, sweeps and rollovers previous budgets employed – and without additional cuts. [Read more]