Minnesota’s bond rating drops amid budget instability « Minnesota Budget Bites

“Why does it matter? The drop in credit rating makes it more expensive for the state to borrow money for capital projects. But the effects don’t stop there, other units of government are also hurt: “Rating agencies take into consideration the state’s creditworthiness in assessing the reliability of bonds issued by school districts, municipalities and counties across Minnesota,” reported Politics in Minnesota.”

The Minnesota Budget Project is an initiative of the Minnesota Council of Nonprofits.

Minnesota’s bond rating drops amid budget instability « Minnesota Budget Bites.

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