NO change to Anti-Deficiency Statue but taxes increase

A WIN FOR AAR:
Governor signs bill that repeals change to anti-deficiency statute Governor Jan Brewer signed HB 2008, which repeals SB 1271 and its change to the anti-deficiency statute. AAR would like to thank our members for their quick response and action on this matter. AAR's success is due, in part, to members like you who help engage on issues down at the Capitol. AAR will continue to work with legislators and industry stakeholders to protect homeowner rights at the Capitol. Other budget news... The governor vetoed SB 1025, general revenue bill, which included the repeal of the state equalization tax credit. Maricopa County will begin printing property tax bills reflecting the increase come early next week. Governor Brewer also line item vetoed cuts in K-12 education, restoring funding. She stated in her press conference, however, that more cuts are likely or additional revenue will be needed. She believes the overall budget plan should avoid the need for state borrowing at least until early spring. There was no immediate call for an additional special session, but one is likely in the coming month.