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Arizona DES expected to borrow money to run efficiently

PHOENIX -- The Arizona Department of Economic Security is expected to once again borrow money in order to keep its cash flow moving.

"We don't anticipate any extra costs for employers. We don't anticipate any issues on our benefits side and (for) claimants receiving benefits," said Interim Deputy Director Mark Darmer. "This is just a financial mechanism we use to keep the program running as efficiently as possible."

The state's unemployment insurance trust, which pays out unemployment benefits to thousands of Arizonans, is set to be deficient by approximately $3.5 million by the first quarter of next year.

Nationwide, states were forced to borrow money to keep the system afloat during the recent recession, and because the economy has been slow in recovering, borrowing has continued since the mid-2000s.

About the Author

Sandra moved from the small border city of Yuma, Arizona to study Broadcast Journalism at Arizona State University in the late 90s. Since graduating, she's worked at several local TV stations including Univision, Fox 10 and 3TV.

Working at KTAR, has allowed her the opportunity to cover major national news events, including Presidential visits, the Tucson Tragedy and the Wallow fire.

When Sandra isn't covering breaking news or behind a microphone in the studio, she's probably at home with her best friend Mark and her two dogs, Lily and Lola.

Sandra enjoys cooking and admits to enjoying "really bad" reality T.V. She also enjoys spending quiet time at home with people she loves, playing a little poker and traveling.


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