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Executive’s Desk: A new model for governmental finance – Albuquerque Journal

finance - Google News May 26th, 2014 Finance.



Executive's Desk: A new model for governmental finance
Albuquerque Journal
ALBUQUERQUE, N.M. — Why do state and local governments finance their capital improvements by issuing bonds? Instead of borrowing, why don't they pay as they go? In large part, it's a matter of tradition. Much of the pertinent legal authority dates ...

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