New budget would spend hundreds of millions from state surplus

arizona economyBy Ben Giles | Arizona Capitol Times

The budget proposed by GOP leadership in the House and Senate dips into a massive budget surplus to make hundreds of millions of dollars in one-time expenses and millions in tax cuts, but makes few commitments to ongoing spending.

The $9.58 billion spending plan includes $469 million in one-time budget items, as lawmakers hope to take advantage of a projected $660 million surplus in revenues in fiscal year 2017. Only $74 million in spending above the baseline – funding increases required by state law and calculated by formula – will continue into the future, according to budget documents acquired by Arizona Capitol Times.


Related: Budget ties court funding to additional Supreme Court justices/Arizona Capitol Times

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