DALLAS — Despite a veto threat, Arizona lawmakers yesterday advanced an $8.2 billion budget that avoids a tax increase to close a shortfall estimated at between $3 billion and $4 billion.

The Republican-controlled House was preparing to vote on the budget yesterday after the Senate passed the 10-bill spending package in an all-night session.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.