Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: THURSDAY, November 11, 1993                   TAG: 9311110103
SECTION: BUSINESS                    PAGE: B-8   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

IN BUSINESS

The Postal Service will implement higher postal rates for nonprofit organizations on Nov. 21. The increase is expected to add about $30 million a year to postal revenues and help make up a sharp decline in tax money given to the Postal Service.

Increases will be phased in over six years, boosting the prices for fund-raising letters and publications mailed at the discounted rates by 2 percent to 3 percent a year.

Nonprofit groups' magazines that contain more than 10 percent advertising might have to pay even more because the groups must pay commercial rates on the advertising portion of their publications.

- Staff report

Virginia bonds get AAA rating from Fitch

The state of Virginia's $183.9 million general obligation bonds, up for bids next Wednesday, were rated AAA by Fitch on Wednesday.

The issue includes $5.1 million for construction at state colleges and universities and $178.8 million for refunding of other projects. The bonds mature between 1994 and 2013.

- Staff report