Published Mar 25, 2003 5:50 am : Updated Jan 31, 2009 4:47 pm
Republicans in the state Senate are withholding their support for a proposal to borrow the money needed to pay a pension obligation. If approved, the plan to issue bonds to pay for retirement benefits this year could allow the state to delay paying the $2.2 billion-dollar tab for five years. The plan is expected to come back to the Senate later this week.
This post was last modified on 01/31/2009 4:47 pm