Thursday, July 26, 2012

Senate Democrats demand halt to foreclosure fund sweep

STATE CAPITOL, PHOENIX – Figures released on Monday by the Joint Legislative Budget Committee show Arizona finished the fiscal year with $257 million more than was projected when the Republican budget was passed in May.

This is why Senate Democrats are calling on Governor Brewer and Legislative Republicans to stop the sweep of the $50 million national foreclosure settlement that Republicans wrote into the budget and which she signed.

This money was meant to help struggling homeowners. Instead, Republicans swiped it while funding more private prisons and giving away $440 million in tax cuts for corporations, the rich and special interests.

Sen. Landrum Taylor

Over the past few years Republicans have also cut more than $2.5 billion from our kids' schools and kicked tens of thousands of children off of healthcare.

 Assistant Senate Democratic Leader Leah Landrum Taylor (D-16):

"Now that our state has this small surplus, we call on Governor Brewer and Republicans at the Capitol to finally make the right choice and leave the foreclosure settlement for its intended purpose of helping families that are struggling to keep their homes," said Sen. Landrum Taylor.

Sen. Schapira
  Senate Democratic Leader David Schapira (D-17):

"It was irresponsible to sweep the foreclosure settlement in the first place, but it is now completely unnecessary," said Sen. Schapira. "Many Arizona families are struggling to stay in their homes and we should be helping, not hurting them."

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