Thursday, April 19, 2018

Ducey budget unsustainable according to legislative forecast

STATE CAPITOL, PHOENIX – Senate Democratic leadership requested and has received from the Joint Legislative Budget Committee an updated long-term forecast of Governor Ducey's budget plan based on this month's Finance Advisory Committee revenue forecast. This forecast projects a cash shortfall of $265 million for FY20, increasing to $302 million by FY21. These numbers are in sharp contrast to the governor's claim of a $73 million balance in FY20 and $3 million in FY21.

Projected cash balances
Forecast
Fiscal Year 2020
Fiscal Year 2021



JLBC (FAC)
$(265) million
$(302) million
Ducey Budget
$73 million
$3 million
Source: Joint Legislative Budget Committee, Finance Advisory Committee

"After a decade of seeing their school budgets cut to the bone, Arizona's educators and students deserve to see those cuts reversed in a significant and sustainable way. Unfortunately, the governor's proposal relies on shell games and Pollyannish forecasts that don't reflect the reality of our state's revenues," said Senator Hobbs.

"As we've said all along, legislative Democrats are ready to sit down and roll up our sleeves with our Republican colleagues and the governor to find a sustainable way, utilizing realistic revenue forecasts, to restore funding to our starved public schools. Our kids, educators and classroom support personnel deserve better than another year of irresponsible budgeting and empty promises."

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