State Treasurer Dean Martin says Arizona will avert a possible cash flow crisis this fall.
Martin says that's possible because Gov. Jan Brewer's budget office plans to smooth out large payments due school districts so that they're paid throughout the entire fiscal year instead of being concentrated at the first half.
Martin recently warned that the state could lack cash to pay all of its bills as early as September. But he said Tuesday there shouldn't be a cash-flow problem unless voters reject two proposed ballot measures in November.
The ballot measures would relax voter-approved spending mandates and divert money designated for early childhood programs and land conservation.
Martin cautions that the state still has underlying budget troubles that needs attention.
