By Howard Fischer | Capitol Media Services/Maricopa Monitor
The state has finally paid off the last of the money it had to borrow to pay unemployment benefits to workers during the recession.
The last $44 million was paid off this past week. With the exception of a small period of time last year, that means the state is out of debt — at least for this purpose — for the first time since 2010.
Other state debts from the recession remain, including the state buying back the buildings it sold off and leased back to get quick cash. That includes both the state House and Senate buildings.
