Arizona Likely To Sell Capitol Buildings To Cover State Costs

July 29, 2009

Arizona (ChattahBox) – As the deficit in each state grows at an alarming rate, and lack of viable options for closing the gap continues, one state has decided to sell what they have to make ends meet.

Despite the proposal being vetoed by Governor Jan Brewer (R), Arizona will likely still be selling off their Capitol and other buildings to give a quick injection of much needed funds into the state budget.

Once the properties have been sold, the Arizona government will lease them back as a state, and over time become the official owners once again.

The move is being described as ‘one of the governor’s least favorite options’, but necessary, and no viable alternatives are being produced, and the ones that were in the past have already been used and exhausted, with little effect.

“This is the predicament we find ourselves in. We’ve exhausted the better options,” state budget adviser, Tom Manos, told AZ Central.

In the end it seems to come down to one fact, whether you agree with the methods or not: Arizona has no money. Neither does nearly any other state, with deficits growing by the day.

The economy rescue plan is so far seeming to keep the country afloat for the moment, with work being done, and improvements being made, producing some jobs and revenue. But it isn’t enough on a state to state basis to keep the show running. At least not at the moment.

This writer suspects more states will be following Arizona’s example, as desperate times call for desperate measures.


Comments

2 Responses to “Arizona Likely To Sell Capitol Buildings To Cover State Costs”

  1. Old Man Dotes on July 29th, 2009 2:50 pm

    Perhaps eliminating some of the bloated employment roles in the Government sector would help. You know, let private enterprise do the necessary work, and let the useless drones that never did anything anyhow stop getting paid out of the tax funds. Chances are you could eliminate 50% of the people working in the Capitol buildings and actually *improve* efficiency.

  2. Pat on July 29th, 2009 9:55 pm

    White House to enter Bed and Breakfast market

    http://wineandexcrement.com/white-house-to-enter-bed-and-breakfast-market/1568/

    Borrowing a page from Arizona‚Äôs state-budget playbook, the Obama administration has announced it will rent out rooms in the White House to raise money to offset the rising federal deficit …

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