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Archive Home > 2003 > March > 01 > State bailout plan relies on new debt

State bailout plan relies on new debt

By James Sinks / The Bulletin
March 1, 2003

SALEM - Call it the Capitol no-hassle borrowing plan.

Faced with a still-widening budget deficit and just four months left in the budget cycle, lawmakers announced agreement Friday on a bailout plan that relies heavily on new debt to pay the state's bills.

The legislation was announced just....

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