Ariz. treasurer says feds' delay forces borrowingPosted: Updated:
PHOENIX -- Arizona Treasurer Dean Martin says the state has had to borrow $131 million to make a scheduled payment to K-12 public schools because the federal government changed requirements to get federal stimulus money.
Martin says Wednesday's full $317 million school payment to school districts and charter schools could not have been made without the borrowing.
According to Martin, changed federal requirements are holding up $433 million of stimulus funding for education.
He says Gov. Jan Brewer's office learned this week that the federal government is requiring the state to cut education spending and then apply for federal dollars to backfill.
Officials with Brewer's office and the U.S. Department of Education did not immediately return calls for comment.
(Copyright 2009 by The Associated Press. All Rights Reserved.)