DALLAS — After weathering one of the worst fiscal years in its history, Arizona starts the next one tomorrow without a short-term borrowing agreement.

In what has evolved into a political showdown, Treasurer Dean Martin is blaming Gov. Jan Brewer for allowing a $700 million line of credit agreement with Bank of America to lapse effective today. Also gone is the state’s ability to issue IOUs for state services, a form of internal borrowing.

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