In a stark contrast to what happened the first time around, the State Loan Commission voted today on a maximum annual interest rate of 2.25% so the state can borrow money to cover a cash shortfall.
Governor Brewer, embarrased that this even has to happen is credited for the quote of the day.
"Needless to say, this is not the right way to run government," she said. I would have to agree.
Republic coverage here.