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November 20, 2008



Failed gas tax cut plan could have jeopardized bonds

COLUMBIA, S.C. - Gov. Mark Sanford's plans to cut the state's gasoline tax could threaten the state's credit rating, cut money for projects in the works and reduce the amount the state could borrow to build and repair roads and bridges in the future, according to lawyers the state pays to look out for bonds it issues.

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County towns in good shape with tax note

BRENTWOOD -- Rockingham County Treasurer Edward "Sandy" Buck reports the sale of $15 million in a tax anticipation note, or TAN, for the annual borrowing with the highest rating available. Click here for more info

State Lawmakers Consider Calif. Mileage Tax

Gov. Arnold Schwarzenegger thinks that highway construction and repair should be paid for by a tax on the miles Californians drive, not the amount of gas they buy. But, the Schwarzenegger administration seems to be about the only ones who like the idea.

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