You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Rising rates pinch state and local governments

Major projects costing more

Repaving roads, repairing bridges, and building new schools is getting more expensive as interest rates increase from historic lows and the price of borrowing money climbs for state and local governments.

Rates for municipal bonds, which state and local governments sell to investors to finance major projects, have climbed more than a full percentage point since early May, according to Municipal Market Data, which tracks these bonds.

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week