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State flush with cash, schools and prisons leading contenders for new spending
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Arizona Mirror
Legislative budget analysts said Thursday that tax collections are far outpacing projections in the budget that lawmakers adopted in May.
Not all of that projected $650 million surplus can be spent on permanent programs.
Richard Stavneak, the director of the Joint Legislative Budget Committee, estimates only $170 million of the surplus will continue beyond this year.
The remaining $475 million is one-time money, and Stavneak said that cash is best spent on one-time expenses instead of ongoing programs.
Joint Legislative Budget Committee staff outlined potential options for spending that one-time money – K-12 education and the Department of Corrections dominated the list.
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