MPR: Minn. Senate approves $1B borrowing plan
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.........
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Buy Me Something, Please
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.