So raise the loan limit
October 16, 2008 | Arizona, industry, states | Comments (1)The Governor of Arizona is worried about the state’s $200-300 million budget shortfalls:
The current state budget already relies on borrowing, largely for capital needs like new school buildings. This plan to borrow against tobacco revenues, however, would be to fund actual day-to-day operations.
Napolitano said that does not make the idea the equivalent of a payday loan.
The fee on a $200 million, two-week loan would be $30 million.
Comments»
Don’t lend to her. Let her pay overdraft fees.