NEW YORK — The fallout over the acquittal of George Zimmerman in the shooting death of Trayvon Martin reverberated across the country Sunday from church pulpits to street protests, setting off a conversation about race, crime, and how the justice system handled a racially polarizing killing of the black teenager in Florida.
The cost of 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, has climbed a full percentage point since early May, according to Municipal Market Data, which tracks these bonds. In Massachusetts, where the state plans to borrow $3 billion, that increase would add $300 million in interest costs over the 30-year life of the bonds, according to the state treasurer’s office. And many analysts expect rates will only climb higher, which could eventually mean cuts to other government-funded projects or higher taxes to pay for the additional borrowing costs.