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Home / AZ: Senate President Says No to Any Tax IncreaseAZ: Senate President Says No to Any Tax Increase
Last Updated on Wednesday, 21 January 2009 10:58 Written by rslcpol Wednesday, 21 January 2009 10:58
From AZStarnet.com:
“That is not sustainable,” Burns continued. “So there has to be a look at the costs, or at the spending side, or we’ll never get this problem under control.”
The latest figures show a $1.6 billion gap between revenues and expenses for the balance of this fiscal year, with a potential $3 billion deficit next year. A list of options to deal with that, drawn up by key Republican lawmakers, is built largely on slashing spending, including cutting $900 million in funding for public schools and $300 million during the next 18 months in state aid to universities.