Brewer signs legislation closing Ariz. budget gapPosted: Updated:
Arizona budget fix underway?
PHOENIX -- Gov. Jan Brewer has signed legislation closing the latest shortfall projected for Arizona's current state budget.
Brewer signed the two-bill package Thursday, a day after it was approved by the Republican-led Legislature less than 24 hours after the plan was unveiled.
The $650 million plan uses $250 million of federal stimulus money to replace state dollars for education. It also uses an accounting maneuver that postpones $400 million of education spending from the current fiscal year to the next one.
Finally, the plan sets the stage for the state to grab some school district savings to help balance the budget for the fiscal year that begins July 1.
Legislators and Brewer closed a previous $1.6 billion budget shortfall in late January.
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