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Article: Next Stop, Virginia's Voters: Nearly $9B of Road Bonds on November Ballot.
- Article from:
- The Bond Buyer
- Article date:
- May 2, 2002
- Author:
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Although traditionally a debt-averse state, Virginia may be just months away from the start of a $9 billion road-bond issuance bonanza -- that is, if voters agree to foot the bill with higher sales taxes.
On April 18, Gov. Mark R. Warner quietly signed a group of bills that could lead to nearly $9 billion of tax-exempt revenue bond issuance in coming years, all of which depends on the passage of sales-tax hikes in referendums this November. He acted one day after the so-called veto session, during which lawmakers returned to Richmond to consider Warner's proposed amendments to bills that the General Assembly previously approved during the annual legislative ...
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