Third agency lowers Minnesota credit score
September 23, 2011 at 7:00 pm in West Central Tribune
ST. PAUL The country’s third major credit-rating agency has downgraded Minnesota’s bond rating, meaning that borrowing money for new construction and repair projects likely will cost state and local governments more.
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thanks to gov moneybags dayton with his 20 days of Mn. SHUT down.
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Eddie, did you even read the article, or are you just making statements
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I don’t believe ed has ever read more than the headline on any article.
He especially missed the part in this one about why the rating was downgraded.
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“The budget was substantially balanced using one-time measures and does not lead to a long-term financial solution. The rating agency also cited diminished reserves, further payment delays and the reliance on tobacco bonds for their decision.”
Oh, look at that – 1045am – it’s time for my smoke break. You’re welcome, Minnesota.
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Oh, yes.
The tobacco settlement money.
Wasn’t that supposed to be used for promoting healthier lifestyles? Seems to me it was. But, the great state of MN has used it for everything BUT, hasn’t it?
And, I wonder what ever happened to that huge ‘users fee’ that WASN’T A TAX? Where’s that money? Anyone know?
Good point, Breezy!
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