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Friday, May 10, 2024

Arizona faces estimated $1.1B budget shortfall due to virus

Credit: KGUN, Tucson, AZ
Duration: 00:24s 0 shares 1 views

Arizona faces estimated $1.1B budget shortfall due to virus
Arizona faces estimated $1.1B budget shortfall due to virus

The Legislature's top budget analyst says Arizona faces an estimated $1.1 billion budget shortfall in the coming year because of the massive economic hit triggered by the coronavirus outbreak.

ONE-POINT-ONE BILLION BUDGETSHORTFALL IN THE COMING YEAR.IT COULD BE EVEN MORE -- ORLESS -- DEPENDING ON HOWQUICKLY THE STATE AND COUNTRYRECOVERS FROM ECONOMICSLOWDOWNS CAUSED BY COVID-19.THE LOSS -- COULD EQUAL ABOUT10-PERCENT OF THE STATE'STOTAL GENERAL FUND SPENDINGFOR A YEAR.CUYLER DIGGS JOINS US NOW --

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