PHOENIX (AP) – Gov. Doug Ducey has signed a $9.6 billion budget that includes additional funding for K-12 schools that wasn’t included in his initial spending plan and money for his Border Strike Force.
The spending plan Ducey signed Tuesday includes a revamped plan to use $24 million included in the current year’s budget to lower borrowing costs for privately-owned public charter schools.
The plan uses $232 million in surplus cash to eliminate budget gimmicks put in place during the state budget crunch. That includes a $200 million payment to universities to eliminate delays in payments into the coming budget year.
The plan for the fiscal year beginning July 1 also included $26 million in tax cuts that mainly benefit businesses.
For the first time in years, the budget has a structural balance.
Copyright 2016 The Associated Press.