What's Hot

    Phoenix Sees Second-Largest Percent Change in Q2 Construction Costs

    July 10, 2026

    New Deliveries Keep Pressure on Phoenix Multifamily Rents

    July 10, 2026

    Majestic Realty Planning ~1MSF Light Industrial Project at SRPMIC

    July 10, 2026
    Facebook Twitter Instagram
    AZBEX
    NEWS TICKER
    • [July 10, 2026] - Phoenix Sees Second-Largest Percent Change in Q2 Construction Costs
    • [July 10, 2026] - New Deliveries Keep Pressure on Phoenix Multifamily Rents
    • [July 10, 2026] - Majestic Realty Planning ~1MSF Light Industrial Project at SRPMIC
    • [July 10, 2026] - Arizona Projects 07-10-26
    • [July 8, 2026] - Apache Junction P&Z Recommends Against Banyan Affordable Development
    • [July 7, 2026] - Valleywise Health Updates Prop 409 Development Plans
    • [July 7, 2026] - 336-Unit Multifamily is Latest Plan for Deer Valley Site
    • [July 7, 2026] - Flagstaff Council Considering Affordable Housing Code Changes
    LinkedIn Facebook
    • Home
    • News
      1. View Latest
      2. ✎ Planning & Development
      3. 📰 Local News
      4. 🔎︎ Classifieds
      5. 🕵 Editorial Analysis
      6. 💰 Budgets & Funding
      7. 🏢 Commercial Real Estate
      8. 👔 People on the Move
      9. 🌵 Arizona Projects
      10. 🏛️ Legislation & Regulations
      11. 📈 Trends

      Phoenix Sees Second-Largest Percent Change in Q2 Construction Costs

      July 10, 2026

      Majestic Realty Planning ~1MSF Light Industrial Project at SRPMIC

      July 10, 2026

      Apache Junction P&Z Recommends Against Banyan Affordable Development

      July 8, 2026

      Valleywise Health Updates Prop 409 Development Plans

      July 7, 2026

      Flagstaff Council Considering Affordable Housing Code Changes

      July 7, 2026

      APS, SRP and TEP Continue Nuclear Exploration for Arizona

      June 30, 2026

      BEX Updates Construction Sector Projections in Annual Midyear Update

      June 26, 2026

      Transportation Board Approves 5-Year Facilities Construction Program

      June 26, 2026

      Affordability Reform Legislation May Gut BTR Sector

      April 28, 2026

      Developers Must Work Differently to Counter Intensifying Project Opposition

      January 6, 2026

      Scottsdale Hospitals War May Heat Up with New Banner Request

      July 29, 2025

      Glendale Voters to Determine VAI Resort’s Fate

      May 16, 2025

      Arizona Budget Deal Halts Data Center Incentives for 3 Years

      June 16, 2026

      Gilbert Approves $1.7B 10-Year CIP

      May 26, 2026

      Mesa Proposing $285M GO Bond for Safety and Transportation Improvements

      May 23, 2026

      Lake Havasu City Considering Major Expenditures for Water Projects

      May 19, 2026

      Commercial Real Estate 07-07-26

      July 7, 2026

      Commercial Real Estate 06-30-26

      June 30, 2026

      Commercial Real Estate 06-23-26

      June 23, 2026

      Commercial Real Estate 06-16-26

      June 16, 2026

      Industry Professionals 07-07-26

      July 7, 2026

      Industry Professionals 06-30-26

      June 30, 2026

      Industry Professionals 06-23-26

      June 23, 2026

      Industry Professionals 06-16-26

      June 16, 2026

      Arizona Projects 07-10-26

      July 10, 2026

      Arizona Projects 06-26-26

      June 26, 2026

      Arizona Projects 06-19-26

      June 19, 2026

      Arizona Projects 06-12-26

      June 12, 2026

      New Law Enables Housing Infrastructure Financing Option

      June 16, 2026

      Judge Sides with Developers Against ADWR

      June 12, 2026

      Legislation Would Block Supervisors from Zoning Out Modular Nuclear

      June 12, 2026

      Goldwater Sues Phoenix Over Project and Land Sale Alleging Gift Clause Violation

      June 9, 2026

      New Deliveries Keep Pressure on Phoenix Multifamily Rents

      July 10, 2026

      BEX Updates Construction Sector Projections in Annual Midyear Update

      June 26, 2026

      Ariz. Construction Gained 2,700 in May, Cutting YoY Losses to 900

      June 23, 2026

      Latest Phoenix Office Report Shows Mixed Results vs. U.S.

      June 23, 2026

      Phoenix Sees Second-Largest Percent Change in Q2 Construction Costs

      July 10, 2026

      New Deliveries Keep Pressure on Phoenix Multifamily Rents

      July 10, 2026

      Majestic Realty Planning ~1MSF Light Industrial Project at SRPMIC

      July 10, 2026

      Arizona Projects 07-10-26

      July 10, 2026
    • AZBEX
      • Subscribe
      • Solicitations
      • Classifieds
      • Advertising
    • DATABEX
      • DATABEX Log-In
      • Webinars
      • Monthly Snapshot
    • Events
      • 2026 Sports and Hospitality LMS
      • 2026 Mid-Year Update
    • About Us
      • Meet the Company
      • Meet the Sales Team
      • Meet the Editorial Team
      • Meet the BEXperts
    • CIP Special Report
    • NVBEX
    AZBEX
    Home»Budgets & Funding»State Government Shutdown Averted as Hobbs Signs Budget
    Budgets & Funding

    State Government Shutdown Averted as Hobbs Signs Budget

    BEX StaffBy BEX StaffJuly 1, 2025No Comments1 Min Read
    Credit: Adobe Stock
    Share
    Facebook LinkedIn Email

    By BEX Staff for AZBEX

    Gov. Katie Hobbs has signed a nearly $17.6B budget spending plan.

    The approval follows weeks of standoffs between the Governor’s Office and the Arizona State Legislature that raised tensions around the state, with a possible government shutdown looming July 1.

    News reports say there was disappointment expressed by Hobbs, as well as by both Democrats and Republicans in the Legislature. All sides, however, expressed varying degrees of relief a compromise was reached that will allow operations to continue.

    Both Democrats and Republicans claimed victory over some points and conceded losses on others.

    Other reports provided details on various components of the new spending plan. Construction and development-centric portions of the budget include:

    • State universities borrowing authorization for a new medical school and nursing school: up to $325M;
    • Statewide K-12 school repair funding: $183M;
    • State Route 347 between Phoenix and Maricopa: $54M;
    • An emergency evacuation bridge in Lake Havasu City: $35M;
    • Widening Interstate 10 near Buckeye: $27M;
    • Interstate 11 study: $25M;
    • Pinal County North-South Corridor study: $15M;
    • Drexel Road Bridge improvements in Tucson: $10M, and
    • Interchange design at I-10 and Cortaro Road in Marana: $10M.
    Arizona State Legislature Budget budget spending plan Gov. Katie Hobbs Governor’s Office highways/roads & streets K-12 legislation
    Share. Facebook LinkedIn Reddit Email

    Related Posts

    BEX Updates Construction Sector Projections in Annual Midyear Update

    June 26, 2026

    Transportation Board Approves 5-Year Facilities Construction Program

    June 26, 2026

    Yuma County Seeks Grant for Railroad Crossing Project

    June 23, 2026

    Leave A Reply Cancel Reply

    Our Picks

    Phoenix Sees Second-Largest Percent Change in Q2 Construction Costs

    July 10, 2026

    New Deliveries Keep Pressure on Phoenix Multifamily Rents

    July 10, 2026

    Majestic Realty Planning ~1MSF Light Industrial Project at SRPMIC

    July 10, 2026

    Arizona Projects 07-10-26

    July 10, 2026
    Stay In Touch
    • Facebook
    • Twitter
    • LinkedIn
    • YouTube
    Don't Miss
    Planning & Development

    Phoenix Sees Second-Largest Percent Change in Q2 Construction Costs

    July 10, 20260

    With a Q2 2026 percent change of 5.3%, Phoenix was, once again, among the metros…

    New Deliveries Keep Pressure on Phoenix Multifamily Rents

    July 10, 2026

    Majestic Realty Planning ~1MSF Light Industrial Project at SRPMIC

    July 10, 2026

    Arizona Projects 07-10-26

    July 10, 2026

    Through AZBEX (Arizona Builder's Exchange), NVBEX, DATABEX and BEX Events, BEX serves architecture, engineering and construction firms in Arizona and Nevada, as well as all the ancillary product and service categories that market to them. These include manufacturers' representatives, public agencies, private real estate organizations, specialty subcontractors and service providers related to our industry.

    Our Picks

    Phoenix Sees Second-Largest Percent Change in Q2 Construction Costs

    July 10, 2026

    New Deliveries Keep Pressure on Phoenix Multifamily Rents

    July 10, 2026

    Majestic Realty Planning ~1MSF Light Industrial Project at SRPMIC

    July 10, 2026
    Contact Us

    Phone: 480-709-4190
    Address: P.O. Box 12196 Tempe, AZ 85284
    Email: sales@azbex.com

    Type above and press Enter to search. Press Esc to cancel.