Columbia Legislators Propose Loan for Higher Ed Improvements

3 years 4 months 3 weeks ago December 03, 2012 Dec 3, 2012 Monday, December 03 2012 Monday, December 03, 2012 2:11:00 PM CST in News
By: Brian Bondus

JEFFERSON CITY - Rep. Chris Kelly, D-Columbia, said Monday he will sponsor a bill to allow the state of Missouri to borrow money for higher education and capital improvements.  Kelly  has sponsored the bill four previous times in the past four years.

The representative said the money would go to improving mental health institutions, state parks, I-70 and higher education facilities. He cited the University of Missouri's engineering school, the nursing school at UMSL, and the science building in Springfield as places the state could spend the money. He also said the money for these improvements would put many Missourians back to work. 

Kelly's bill has made it out of the house one time--in 2009.  It got stuck on the senate calendar that year. Sen. Kurt Schaefer, R-Columbia, will co-sponsor the bill this year. 

The state of Missouri paid off a $600 million loan this year taken out in 1982.  That, along with low interest rates and cheap construction costs, made Chris Kelly say this is the perfect time for the state to take out a large loan. The 2009 bill called for $700 million.  The later bills called for as much as $800 million.

Kelly said he hopes to get the bond onto the April ballot. The Missouri General Assembly would have to pass the bill and then the governor would put the measure on the ballot. 

Kelly said the main opposition to the bill is inertia, "People who just don't understand or who aren't prepared to move on it."

More News

Grid
List
JEFFERSON CITY - You could be paying more in taxes than your neighbor and not even know it. Special tax... More >>
7 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 7:47:00 PM CDT in News
COLUMBIA - Bikers, walkers, runners and hikers have a new trail at their disposal in Columbia. The Grindstone Creek... More >>
7 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 7:40:00 PM CDT in News
JEFFERSON CITY (AP) — The leader of Missouri's House said he doesn't expect there will be an effort to revive... More >>
7 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 7:39:51 PM CDT in News
MALTA BEND (AP) — A group of excavators has found the 175-year-old sunken steamboat Malta, the namesake of the rural... More >>
7 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 7:32:11 PM CDT in News
SUNSET HILLS (AP) — A prosecutor's spokesman said the remains of a suburban St. Louis woman who had been missing... More >>
7 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 7:27:00 PM CDT in News
BRIDGETON (AP) — The U.S. government said the owner of a burning suburban St. Louis landfill near buried radioactive waste... More >>
7 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 7:24:00 PM CDT in News
JEFFERSON CITY (AP) — A measure to allow beer-makers to lease coolers to stores to keep drinks frosty has passed... More >>
7 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 7:16:25 PM CDT in News
COLUMBIA- Drivers at the intersection of Forum Boulevard and Green Meadows Road could soon have a different route. Columbia's... More >>
8 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 7:07:00 PM CDT in News
COLUMBIA – Parents could have one more form to sign before their kid heads to the batting cages. A... More >>
8 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 7:07:00 PM CDT in News
JEFFERSON CITY - State Senator Dan Brown, R-Rolla, is dropping out of the race for state treasurer. Brown said... More >>
8 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 7:02:00 PM CDT in News
JEFFERSON CITY- A group of freshmen students from Parkway South High School in St. Louis won the 18 th annual... More >>
8 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 6:48:00 PM CDT in Continuous News
COLUMBIA – Patriot Place opened less than a month ago, giving some veterans a place to call home. But... More >>
8 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 6:28:00 PM CDT in News
COLUMBIA - In the same week Gov. Jay Nixon signed a Higher Education budget bill into law, the state's Coordinating... More >>
9 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 5:45:00 PM CDT in News
JEFFERSON CITY - Following the restoration of the University of Missouri's budget for the 2017 fiscal year, Rep. Courtney Allen... More >>
10 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 5:09:00 PM CDT in News
COLUMBIA - Missouri was one of a few states to receive a perfect AAA credit rating from all three independent... More >>
10 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 4:34:00 PM CDT in News
JEFFERSON CITY - A new report from the Health Care Cost Institute (HCCI) put Missouri among states with some of... More >>
11 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 3:30:00 PM CDT in News
JEFFERSON CITY - The campaign committee for Republican U.S. Sen. Roy Blunt has given a Missouri children's group $11,000 —... More >>
11 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 3:25:00 PM CDT in News
COLUMBIA - Gov. Jay Nixon signed a $1.3 billion higher education budget yesterday, which will enact a tuition freeze for... More >>
12 hours ago April 28, 2016 Apr 28, 2016 Thursday, April 28 2016 Thursday, April 28, 2016 3:09:00 PM CDT in News
Columbia, MO
Broken Clouds 51°
4am 51°
5am 51°
6am 50°
7am 51°

Select a station to view its upcoming schedule:

Coming Up Next

3:07a
Mad Money
4:00a
Early Today
4:30a
KOMU 8 News Today
3:00a
Paid Program
3:30a
Paid Program
4:00a
Paid Program

Tonight's Schedule

7:00p
Caught on Camera with Nick Cannon
8:00p
Grimm
9:00p
Dateline NBC
7:00p
The Vampire Diaries
8:00p
The Originals
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld