Ducey appoints budget advisory committee

http://www.azcentral.com/story/news/arizona/politics/2014/11/17/ducey-a…

Gov.-elect Doug Ducey will take office in January and immediately have to respond to a growing state budget crisis.

According to legislative budget staff, Arizona faces a possible $520 million budget shortfall this fiscal year and a $1 billion shortfall next fiscal year. State law requires the governor to present a budget proposal to the Legislature by Jan. 16.

Voter-approved bond to pay for county hospital upgrades

Voters handily agreed Tuesday to finance a major renovation of the Valley's only public health-care system through bonds that will cost taxpayers $1.6 billion with interest over the next three decades.

Unofficial returns showed 63 percent of Maricopa County voters favored Proposition 480. The ballot measure allows Maricopa Integrated Health System to issue $935 million in general obligation bonds to build a new county hospital, upgrade inpatient and outpatient clinics, and expand behavioral health facilities.

The bonds will be retired through secondary property taxes.

Smuggled cigarettes whack Arizona taxes

Even the best of intentions can run into the law of unintended consequences. And it looks like the "UC" law may be taking a bite out of Arizona's commitment to funding early-childhood development programs.

In 2006, Arizona voters approved Proposition 203, which hiked cigarette taxes by 68 percent in order to fund a variety of programs statewide dedicated to improving the quality of early-childhood development.

It was an ambitious effort, backed by a broad-based coalition of child advocates and supported enthusiastically in these pages of The Republic.

2014: Tempe doesn't know tax incentive on Town Lake land sale

Tempe officials say they cannot provide residents the full dollar value of the eight-year tax incentive it is offering a developer in a deal to buy and build on city-owned land at Town Lake.

Responding to The Arizona Republic's questions about the financial details of the incentive, Tempe economic-development officials said they are unable to provide the amount at this point because it depends on information they currently do not know.

Opposition grows to county hospital bond measure

PHOENIX (CBS5) -
The Gilbert Chamber of Commerce says it is opposing a $935 million bond measure for Maricopa County's special healthcare district.

Proposition 480 calls on the county's voters to OK a bond of up to $935 million for new and renovated facilities for the Maricopa Integrated Health System.

The Gilbert chamber calls for a more clearly-defined itemization for use of funds.