refinancing

Debt Restructure
8:48 am
Mon February 6, 2012

Sullivan Seeks to Refinance State Debt

State Sen. John Sullivan

State Senator John Sullivan plans to try again to get approval of his plan to refinance the state's massive backlog of bills.

The Rushville Democrat said the state must pay its vendors in a timely manner.  He said it also has a duty to reduce its debt.

He said, “I'm working with my colleagues, talking to them about, at least, if we can't do the full amount let's look at something less that makes sense.”

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