Gov. Ducey signs state's $18 billion FY 2023 budget

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Gov. Ducey signs state's $18 billion FY 2023 budget
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Gov. Ducey called the budget 'a responsible package that pays down debt, secures our future and lays the foundation for even more growth—all while investing in the areas that matter most to Arizonans.'

TUCSON, Ariz. — Governor Doug Ducey signed Arizona's Fiscal Year 2023 budget on Tuesday after state lawmakers approved the bipartisan $18 billion budget bill last week.

The largest single expenditure in the new budget is $1.15 billion to pay off public safety pensions. The state says this is the first time that Public Safety Personnel Retirement System plans are fully funded since 2004. $80.9 million for rate increases for providers serving individuals with developmental disabilities or who are elderly and physically disabled. When combined with the federal match, the total investment is $281.2 million$72.7 million for various housing strategies aimed at reducing homelessness

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