Job Cuts Don't Prevent Another Negative Outlook for Arizona

Williamson, Richard
November 2002
Bond Buyer;11/27/2002, Vol. 342 Issue 31522, p64
Trade Publication
Reports that elimination of jobs on November 25, 2002 by Arizona lawmakers to help cut a $500 million was not enough to avert a change in the credit outlook. Prediction of a fiscal imbalance for several years to come; Rejection of Jane Dee Hull's proposal to issue revenue bonds to cover the costs; Reference to a report issued Moody Investors Service which cited the state's dilemma over school finance requirements.


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