Janet Napolitano on Budget & Economy
Democratic AZ Governor; Designee for Secretary of Homeland Security
As revenues increased, we set aside money in a rainy day fund, cut taxes and provided tax incentives for important areas like research and development. We implemented 26 of the 36 recommendations of the Citizens Finance Review Commission. We reviewed all state expenditures and undertook actions such as restructuring procurement and curtailing our use of energy. All told, our efforts have saved more than $1 billion.
We have passed a balanced budget every year, but we still need to make significant adjustments in this year's budget because of the continuing recession. I have already given you a balanced budget plan for 2009.
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