Georgia's $1B Bond Plan

DeSue, Tedra
January 2005
Bond Buyer;1/14/2005, Vol. 351 Issue 32050, p1
Trade Publication
The article reports on the financial plans laid by Georgia Governor Sonny Perdue. While he proposes at least 1 billion dollar more in spending, his plan strays little from the "AAA" rated state's tradition of selling roughly 1 billion dollar of bonds for capital projects. Perdue's fiscal 2006 budget totals about 17.4 billion dollar, and it includes 1 billion dollar of general obligation bonds. The Department of Transportation would get most of those proceeds, as Perdue wants about 410 million dollar of bonds to be sold for highway-related projects. That includes 300 million dollar of bonds that would be used for the Governor's Fast Forward Transportation.


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