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Sunday, February 23, 2014

Brewer says Arizona financially sound again, but leveraged buildings say otherwise

 

Gov. Jan Brewer tells anyone who will listen about the great “Arizona comeback.”

In the five years since she’s been governor, she likes to say, Arizona has gone from being $3 billion in the hole to having a $1 billion surplus and a rainy-day fund to help the state avoid a future economic crisis.

She predicts the state’s budget will be structurally balanced — with more recurring revenue coming in than spending going out — by the time her term ends in January 2015. She credits her sound fiscal leadership with helping the economy and state revenue rebound.

“We were known as having one of the worst budget crises in the nation,” said John Arnold, director of Brewer’s Office of Strategic Planning and Budgeting. “I think the national perception on Arizona now is we are doing well and this is a place businesses want to be.”

Read more...Brewer says Arizona financially sound again, but leveraged buildings say otherwise

Reuters: Business News

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