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The deal to close Minnesota’s $5 billion budget deficit included $640 million in borrowing through state bond sales. The source of that money has typically been referred to as “tobacco bonds,” but that’s not necessarily an accurate description of how the state will generate the short-term infusion of cash.

Market for tobacco bonds is pricey, iffy

The deal to close Minnesota’s $5 billion budget deficit included $640 million in borrowing through state bond sales. The source of that money has typically been referred to as “tobacco bonds,” but that’s not necessarily an accurate description of how the state will generate the short-term infusion of cash.

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