By Howard Fischer | Capitol Media Services/Casa Grande Dispatch
The successful gubernatorial candidate who promised to balance the budget without tax hikes or borrowing won’t be presenting a truly balanced spending plan to lawmakers in January.
Doug Ducey acknowledged in an interview that projected revenues for the next fiscal year will be less than $8.79 billion, while current spending is at $9.3 billion.
But the budget is considered “balanced,” with the difference financed through accounting maneuvers, borrowing, raiding some special state funds, and tapping the last of the cash left over from the now-expired temporary 1-cent-per-dollar sales tax increase.
Related: Ducey gathers budget help
