Arizona Republic: “Imagine selling your house to raise money – and then leasing it back, with interest, over 30 years. That’s essentially what Arizona is doing this week as it conducts a two-day sale of state buildings. The sale, which concludes today, is expected to net the state $300 million. But it will cost much more to repay when interest is added, and it will contribute to raising the state’s total debt load to more than $10 billion, a figure five times as great as a decade ago.”
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