Economist: AZ Unattractive To Businesses
PHOENIX -- A leading state economist says Arizona needs to fix its budget problem in order to attract business and create more jobs in the state.
“Direct attention on solving the budget problem can be as growth enhancing as job creating as anything we could do today,” said Dennis Hoffman, economist for the W.P Carey School of Business at Arizona State University.
"I think, right now, we have a stop sign out on borders,” he said.
Arizona has one of the worst deficits of any state in the nation, and state leaders have failed to come up with a plan to balance the budget.
House Republicans have taken aim at the improving the economy by passing a piece of legislation called the Arizona Economic and Job Recovery bill.