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Published: 2008-08-13 14:57:27
Updated: 2008-08-13 14:57:27

Posted: August 13, 2008

State issues first series of bonds

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Raleigh, N.C. — The State of North Carolina put an extra $200 million in state coffers Wednesday with the sale of a series of bonds.

Bond purchases pay for state projects, while paying a dividend to the buyer.

The Council of State in June approved the day of up to $2.3 billion to fund investments in higher education, public safety and other statewide improvement projects. Additional bonds will be sold as the projects require more funding.

Copyright 2011 by Capitol Broadcasting Company. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Latest Comments
Just another way to justify taxes being raised next year. During an election year (now) they won't raise taxes but next year they will have to so that funds can be set aside to pay back the bond money. JUST ANOTHER WASTE IN STATE GOVERNMENT!!!!
Click to view my profile cameragirl
August 14, 2008 11:34 a.m.
Need to put out far more than that, to pay back the money they stole from the schools.

God bless.

Rev. RB
Click to view my profile Spirit Warrior Woman - Rev. RB
August 13, 2008 4:20 p.m.
Meanwhile, the legislature just passed over $850 million in new debt: http://www.johnlocke.org/spotlights/display_story.html?id=206
jsanders
August 13, 2008 4:00 p.m.
Also next year his wife will need another raise.
Iseeu
August 13, 2008 3:57 p.m.
I hope they set at least $250k aside for another Easley vacation.
Me again
August 13, 2008 3:42 p.m.
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