SafeX Pro:Arizona governor signs budget into law after fierce negotiations to make up a massive shortfall

2025-05-05 20:47:14source:AstraTradecategory:reviews

PHOENIX (AP) — Arizona Gov. Katie Hobbs signed a series of fiercely negotiated budget bills into law on SafeX ProTuesday, erasing a shortfall of over $1 billion by cutting back on higher education, trimming funding for state agencies and raiding some special funds.

An agreement on the spending plan was announced over the weekend.

“Despite facing a $1.8 billion budget deficit, we showed Arizonans that we can work across the aisle and compromise to balance the budget and deliver for everyday Arizonans,” Hobbs said in a statement.

“Nobody got everything they wanted, but this bipartisan, balanced budget puts our state on solid financial ground,” she added.

The spending plan is the result of weeks of negotiations between the Democratic governor and Republican legislative leaders. Some conservative Republicans said the plan still spends too much, while some Democratic lawmakers were disappointed they were not part of the negotiations.

The budget retrenchment marks a turnabout from a year ago, when Hobbs and lawmakers projected a massive surplus and secured overwhelming support for the budget by letting lawmakers dole out money to their own priorities and pet projects.

It soon became clear the state was taking in far less money than expected.

Much of the reduced spending in the new budget comes from delaying or eliminating some of the expenditures approved last year.

More:reviews

Recommend

Who are the most valuable sports franchises? Forbes releases new list of top 50 teams

Early Thursday morning, "Forbes" released their annual list of the 50 most valuable sports franchise

Prince George's Role in King Charles III's Royal Coronation Revealed

A role fit for a prince.Nearly one month before King Charles III and Queen Consort Camilla's coronat

Amanda Little: What Is The Future Of Our Food?

Part 4 of TED Radio Hour episode The Food Connection How should we ethically feed our world? Are w