State, for 1st time, forced to get a loan

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9 votes

Posted By: Nick J., about 2 years ago (Report Spam)
Category: Mortgage & Lending / Type: News
Source: azcentral.com

State, for 1st time, forced to get a loan, Arizona will need to turn to outside lenders for the first time ever to deal with the state's constricted cash-flow issues. Treasurer Dean Martin estimates the state will need $700 million.

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At 03:35PM on November 18, 2009 - Jim Wineinger said...

To keep the needed monies comming in, since house prices have decreased by an average of 50%, just double the milliage rate for property taxes. Wonder when governments start thinking along those lines?????

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State, for 1st time, forced to get a loan

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