Missouri taps into the sale of student loans
Source:By Pamela M. Prah, Stateline.org, June 26, 2007
……. States leery of tax increases increasingly are looking at raising revenue by selling assets — from Indiana’s lease of its turnpike last year to California’s proposal to sell control of its state lottery — but Missouri’s bitter battle could serve as a cautionary tale.
...... Sujit CanagaRetna, a tax and budget expert at the Council of State Governments, predicts that despite the prospect of political fights, governors will continue to push leasing and privatization plans because states need the money for new projects and don’t want to raise taxes. “It’s definitely a trend that’s here to stay,” he said.