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Ariz. has to borrow $131M for education

Source: Posted By: Brandy R...4569 days ago

Arizona is being forced to borrow money because the U.S. Department of Education is imposing new requirements for the state to get stimulus funds, Treasurer Dean Martin has charged.
"What Arizona has received is endless bureaucratic red tape and constantly changing rules to delay access to funds," he said Wednesday. The result, said Martin, is Arizona doesn't have use of $433 million it should have had by now.

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