Spending a Surplus

Watts, Jim
January 2006
Bond Buyer;1/17/2006, Vol. 355 Issue 32299, p33
Trade Publication
The article reports on the posting of a revenue surplus of 85 million dollars in Arizona. Such surplus will be available to the Legislature to cut taxes, raise state employee pay, fight illegal immigration and meet other legislative priorities. Almost 500 million dollars of the surplus can be attributed to one-time revenue increases on capital gains from real estate sales.


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