Borrowing To Pay Minnesota’s Bills – Bad Idea


Growth and Justice President Dane Smith discusses Governor Tim Pawlenty’s proposal to sell the tobacco settlement’s stream of payments for a lump sum payment.  Smith says this is just a way to get around Minnesota’s constitution which calls for a balanced budget.

 

However, he points out that this is an admission by Governor Pawlenty that the state does need $1 Billion in revenue.  Smith says it should just be raised in a more honest way.

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