Friday, April 8, 2011
Arizona Fact Check looks at House Speaker Kirk Adams' claim that: "Today we can say—for the first time in a decade—that Arizona's budget is structurally balanced without relying on any gimmicks, accounting tricks or borrowing."
The verdict: Mostly false, because the budget is riddled with gimmicks and accounting tricks.
Bottom line: Adams is inaccurate when he says the budget contains no accounting tricks and gimmicks. The package contains fund transfers, forced payments and rollovers. However, he is correct in saying the plan does not contain new borrowing.