Southwestern States Look to Federal Aid to Cushion Shortfalls

Williamson, Richard
June 2003
Bond Buyer;6/5/2003, Vol. 344 Issue 31650, p6
Trade Publication
With the closure of most legislative sessions in the Southwest, lawmakers and governors are reconsidering their options now that they know they will receive an infusion of cash in 2003 under a 20 billion dollar federal aid package signed by the U.S. President George Bush. In Arizona, where the legislative session has been extended by a budget standoff, the infusion of federal funds will help ease the pain of solving a one billion dollar shortfall for fiscal 2004, said Kris Mayes, spokeswoman for Governor Janet Napolitano. Should the budget be resolved soon, leaders have said they may consider more than one billion dollars worth of bond-backed projects, including a 600 million dollar expansion of Phoenix's Civic Plaza convention center and 440 million dollars to build new research centers at three state universities.


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