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County Board Approves Pension Obligation Bonds

March 21, 2009

On Thursday, with no coverage at JSOnline, the County Board approved Scott Walker’s plan to issue $400 million in Pension Obligation Bonds.  As of Saturday, there is no documentation on the County’s website indicating how each board member voted.

Here’s the press release from the County Board:

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3 Comments
  1. March 22, 2009 10:43 pm

    I hope this works out but it sure seems to me if it is so easy to make that 8% to cover the 6% wouldn’t everyone do it?

  2. March 24, 2009 9:13 am

    I hope it does, too, but other cities that have done this haven’t really seen much of a benefit. We’ll just have to wait and see.

  3. March 26, 2009 1:48 am

    Yea this thing seems pretty odd to me.. The risk has to be high.

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