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Archive Home > 2002 > February > 21 > State to use loans to ease cash crunch

State to use loans to ease cash crunch

Government will get good interest rate on tax anticipation notes

By James Sinks / The Bulletin
February 21, 2002

SALEM ? Oregon is running in the red, so much that the state treasurer is preparing to head down to the government equivalent of the payday loan store.

And while it?s not necessarily unusual for the state to sometimes have a negative cash flow, the duration and depth of the current money crunch....

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