Published July 25, 2011, 01:25 AM
Tobacco Bonds in MN Budget Come at Hefty Price
The budget deal that ended Minnesota's government shutdown comes with a hefty price: It relies heavily on borrowing $640 million against money from the state's 1998 tobacco settlement, but might cost that same amount in interest — plus a substantial annual revenue loss for years to come.By: Steve Karnowski, Associated Press
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