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

2025-05-08 11:15:53source:Benjamin Caldwellcategory:Contact

PHOENIX (AP) — Arizona Gov. Katie Hobbs signed a series of fiercely negotiated budget bills into law on SafeX Pro ExchangeTuesday, 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:Contact

Recommend

Average rate on 30

The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a welcome tren

Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine

The products featured in this article are from brands available in NBCUniversal Checkout. E! makes a

Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order

Hundreds of people were laid off today by the U.S. Agency for International Development (USAID) as t