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Doug Ducey on Budget & Economy

 

 


Problem is over-spending; so solution isn't more spending

We can't do it without fiscal responsibility. In real life, when families or businesses take stock of how they're doing, the answer has a lot to do with the state of their finances. Well, it works the same in government. And turning to our state's checkbook, we start with the number one billion. In dollars, that would be the difference between spending and revenue if we were to do nothing about it these next two years.

Now maybe I'm of the old school of economics, but this strikes me as a problem. And I am just not persuaded by appeals to raise taxes so that we can spend more. I look at it this way: If the problem is spending more than we have, the solution cannot be even more spending. Instead of demanding more revenue from the people, I suggest we demand more fiscal responsibility from our government.

Source: State of the State address to 2015 Arizona Legislature , Jan 12, 2015

Balance budget without raising taxes

We must hold state spending increases below the rates of inflation and population growth except in real emergencies. I will sign into law--without new taxes--a balanced budget every year that I serve as governor, and veto any bill that violates either of these commitments.

The requirements we impose on banks that do business with the state favor "Too-Big-To-Fail" banks, none of which are located here in Arizona. We have many fine local banks that would be capable of managing large state accounts. Let's give them the chance to compete and grow in Arizona!

Ask small businesspeople what makes their lives difficult, and--after taxes--they inevitably say it's the cost and uncertainty of complying with so many regulations. We need a government-wide review of regulations, including quantifying the costs of new rules on Arizona employers. By executive action I will eliminate bureaucratic regulations that are unreasonable and unfair to business owners and employees.

Source: 2014 Gubernatorial campaign website, DougDucey.com, "Issues" , Aug 15, 2014

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Page last updated: May 29, 2021