Budget Makes Targeted, Sustainable Investments In K-12, Infrastructure, Rural Jobs And More
PHOENIX — Governor Doug Ducey today released his fiscally responsible, balanced budget for Fiscal Year (FY) 2021. The budget continues to make targeted, sustainable investments in the things that matter such as teacher pay raises, school safety, roads and bridges, rural jobs and technology and public safety, while returning dollars to taxpayers and saving more for the future.
This year’s budget keeps ongoing spending below the amount of revenue coming in, marking the longest streak of consecutive structural surpluses in Arizona since 2000. The budget ends the fiscal year with a structural balance of $250 million.
“With a booming economy, hundreds of new residents every day, and our highest credit rating ever, Arizona’s finances have never been better,” said Governor Ducey. “But we’re not going on a spending spree. Instead, this budget maintains fiscal discipline, saves more for a rainy day and ensures the important investments we’re making in public schools, students and beyond are sustainable. And it provides tax relief to our veterans, allowing them to keep more of their hard-earned benefits. That’s the Arizona Way. This is our most robust agenda to date, and I look forward to working with legislative leaders on a budget agreement that funds these important priorities.”
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Highlights of the Executive Budget include:
DEPARTMENT OF CORRECTIONS, REHABILITATION AND REENTRY
RAINY DAY FUND
$8 million to develop a Business One-Stop portal that will provide a single online location to help citizens and businesses plan, start, grow, and relocate businesses in Arizona
HEALTH AND WELFARE
To view the budget, please click HERE.