Budget cuts push Arizona’s water-finding board to spend now
… Members of the board overseeing the [Ariz.] Water Infrastructure Finance Authority … are trying to figure out how to spend what they have — and quickly. Instead of the $1 billion, the Legislature and then-Gov. Doug Ducey promised them three years ago to find new water sources, the agency commonly called WIFA has just over a third of that money. That’s because lawmakers and current Gov. Katie Hobbs cut or completely eliminated the second two $333 million payments promised to WIFA. And they clawed back some of the deposits already made to the agency, spending the money elsewhere, and leaving the board with less than $400 million.
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