MPRThe Minnesota Senate has approved a nearly $1 billion borrowing plan to pay for a package of public construction projects throughout the state.
St. Paul -- With little debate, Senators passed their version of the bonding bill Tuesday by a vote of 51 to 7. The House is scheduled to take up a similar bill on Thursday. But Gov. Tim Pawlenty is urging lawmakers to scale back the bill because of the projected state budget deficit.
Well, there goes the lights.........
They do know that bonds have to be paid back, and there is no 0% introductory rate.
The government bond market is in the tank, like all bond markets at the moment, and no one really wants them.