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- All Subjects: Finance, Public
- Creators: Berman, David R.
- Creators: Casa Grande (Ariz.). Finance Department
The Annual Budget, like any planning document, looks toward the future to implement the desired strategies, action plans, and goals of the organization. The City of Casa Grande continues to be in a fiscally sound position due to the efforts of the City Council and Staff.
Arizona is emerging from one of the worst state budget crises in the nation. Entering 2003, its projected deficit, measured as a percentage of the general fund, was the fifth largest in the country.1 The state had slashed spending in 2002 in the face of a $900 million deficit, but still faced a $400 million shortfall for fiscal year 2003 and an estimated $1 billion deficit in fiscal 2004. Although improved revenues have reduced the anticipated gap, fundamental underlying problems remain concerning the ability of lawmakers to control the budget. Some observers consider this a revenue problem, others a spending problem. Our concern in this paper is whether state lawmakers have enough control over either revenue or spending.