Friday, March 12, 2010

Will Treasurer be forced to use short term borrowing to pay bills?

Governor Gregoire has officially called a special session to start next Monday. One of the bills to be considered will be the state's supplemental budget. Based on language currently in the House version of the budget, the state Treasurer may be forced to use short term borrowing to pay the state's bills, even if a "balanced" budget is adopted. Consider Section 904 of the House budget . . . READ MORE

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