The Bond Buyer: LSU Bond Deal Was Victim of State’s Woes

“The collapse of LSU’s bond offering mirrors a trend we’re seeing across the nation: state leaders are avoiding making tough budget decisions by pushing these decisions down to the local level,” Matt Gardner, Executive Director Institute on Taxation and Economic Policy told The Bond Buyer. “When state lawmakers seek to balance their budgets by cutting aid to local governments, it’s not a real solution — it’s just a shell game. And the losers from this shell game, inevitably, are local governments and those who depend on local government services.”

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