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State issues first series of bonds

Posted August 13, 2008

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— 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.

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  • cameragirl Aug 14, 2008

    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!!!!

  • Adelinthe Aug 13, 2008

    Need to put out far more than that, to pay back the money they stole from the schools.

    God bless.

    Rev. RB

  • jsanders Aug 13, 2008

    Meanwhile, the legislature just passed over $850 million in new debt:
    http://www.johnlocke.org/spotlights/display_story.html?id=206

  • Iseeu Aug 13, 2008

    Also next year his wife will need another raise.

  • Me again Aug 13, 2008

    I hope they set at least $250k aside for another Easley vacation.