Lauren Loftus/KJZZ

Jim Rounds in KJZZ's studio in 2015.

While markets continue to react, the governor and state lawmakers are still hashing out the state budget. This legislative session started with high expectations for state revenues, but now those projections are looking less rosy. 

Gov. Doug Ducey this week acknowledged the virus is having an effect on the economy but told reporters Arizona is in a better financial position to handle it than it has been in years.

To talk more about the potential impact on the budget is economist Jim Rounds.

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