Blog Post
From the desk of Robert Rappaport on Tuesday, June 30th 2009 at 6:33

CLOSER TO A BUDGET

The deadline is midnight tonight for state lawmakers and the governor to have a budget in place to fund government for the next fiscal year, which begins at 12:01 a.m. If not, there could be a partial government shutdown. Here's the latest from the Associated Press.

PHOENIX (AP) - Arizona legislators face a midnight deadline to approve a new budget to close a big revenue shortfall and prevent a possible state government shutdown. The new fiscal year starts Wednesday, and Arizona has no mechanism to keep government going with a budget. Both legislative chambers convene Tuesday morning following relatively little action Monday on a budget proposal negotiated by Republican legislative leaders and Gov. Jan Brewer. The package would ask Arizona voters to decide whether to temporarily raise the sales tax. Also, the Legislature would approve outright an income tax reduction flattening five rates into one. The package also includes spending cuts and use of federal stimulus money to help close a projected $3.2 billion shortfall.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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