DALLAS — Arizona has no plans to issue any debt in the next year amid continuing recovery from the Great Recession and the end of an emergency sales-tax increase, according to John Arnold, director of the Governor's Office of Strategic Planning and Budgeting.

"We're in a little bit of a weird period because our expenditures are going to exceed our revenues, but we have enough balance to cover that," Arnold said. "The plan has always been that the temporary 1-cent sales tax increase would go away and we would fall into a deficit. We've saved up money in fiscal year 2013 to smooth through the loss of that money."

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