Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

TexasTowelie

(117,489 posts)
Mon Nov 30, 2020, 01:46 AM Nov 2020

Arizona uses federal COVID-19 money to reduce state spending

PHOENIX (AP) — Arizona Gov. Doug Ducey has funneled nearly $400 million of federal coronavirus relief funds to state agencies to help pay for operations, allowing them to return some of their original budget allocations to the state treasury.

Ducey's office touts that move as prudent budgeting that will help the state avoid a severe fiscal crunch but it stretches federal rules on how states can use the federal money, the Arizona Capitol Times reported.

Congress didn't allow states to use Coronavirus Aid, Relief, and Economic Security Act money to replace revenue lost because of the pandemic, and Jared Walczak, vice president of state projects at the Tax Foundation’s Center for State Tax Policy, said some states have chosen to liberally interpret guidance provided by the U.S. Treasury Department.

“Most states have avoided what might be interpreted as directly disregarding the guidance, but many have been flexible in the interpretation of that guidance in hopes that ultimately the Treasury will be similarly flexible in the accountability standards,” Walczak said. “Nonetheless, what’s being proposed in Arizona is a very aggressive interpretation.”

Read more: https://mohavedailynews.com/news/40933/arizona-uses-federal-covid-19-money-to-reduce-state-spending/

1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Arizona uses federal COVID-19 money to reduce state spending (Original Post) TexasTowelie Nov 2020 OP
Fucking Thieves! nt sfstaxprep Nov 2020 #1
Latest Discussions»Region Forums»Arizona»Arizona uses federal COVI...