Arizona Governor Says State Must Save for Rainy Day
Gov. Doug Ducey says Arizona should use growing state revenue to focus on saving for the next economic downturn.
The Republican governor on Monday celebrated the state's growing economy but told state lawmakers that his budget proposal will look to more than double the state's rainy day fund to $1 billion. He says that would help ensure Arizona can weather the next recession without the severe cuts to education, public safety and other services that followed the last economic downturn.
Ducey spoke to lawmakers in his annual state of the state address a week after he was sworn in for a second term.
He says the No. 1 issue for lawmakers must be coming up with a plan to conserve water as state contends with drought and faces federal restrictions.