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Arizona treasurer says state in the red again

PHOENIX – Arizona Treasurer Dean Martin says the state is back in the red and again is being forced to rely on short-term borrowing to pay its bills.

Martin told legislators that the state’s worsening cash-flow situation put its operating accounts $34.7 million in the red as of Wednesday.

He said the state would need to borrow to make a $330 million payment due to K-12 schools on Friday. Legislators are considering a proposal to postpone that payment into the next fiscal year.

Arizona was in the black for several weeks after the state resorted to short-term borrowing in late April for the first time since the Great Depression.

State officials said April tax collections were lower than expected, worsening a fiscal picture that was already grim.

Citizen Online Archive, 2006-2009

This archive contains all the stories that appeared on the Tucson Citizen's website from mid-2006 to June 1, 2009.

In 2010, a power surge fried a server that contained all of videos linked to dozens of stories in this archive. Also, a server that contained all of the databases for dozens of stories was accidentally erased, so all of those links are broken as well. However, all of the text and photos that accompanied some stories have been preserved.

For all of the stories that were archived by the Tucson Citizen newspaper's library in a digital archive between 1993 and 2009, go to Morgue Part 2

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