Georgia Plans $288 Million Loan Sale to Keep Teachers

April 29, 2010  |  

(Businessweek) — Governor Sonny Perdue of Georgia, where state revenue has declined for three years in a row, is counting on getting as much as $288 million by selling loans made to cities and counties for water and sewer projects.

The sale may bring in the equivalent of 6,000 teachers’ salaries, according to Bert Brantley, a Perdue spokesman. Republican Perdue, 63, plans to offer investors some of $676 million in Environmental Facilities Authority loans.

Read More…

Trending on MadameNoire

Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN