(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.
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