Hearings Begin on Billion-Dollar Bond Issue

3 years 5 months 3 weeks ago February 05, 2013 Feb 5, 2013 Tuesday, February 05 2013 Tuesday, February 05, 2013 6:22:00 PM CST in News
By: Garrett Bergquist

JEFFERSON CITY - Hearings began Tuesday on a proposed billion-dollar bond meant to fund a variety of projects in the state.

Rep. Chris Kelly, the Columbia Democrat in charge of the committee tasked with the issue, said the bond issue would not be able to address every infrastructure project in the state, but it would contribute significantly to the state's economy. Kelly said he would like to see the bond issue combined with the transportation funding proposal announced Tuesday morning.

"I hope that we find a way to comfortably combine the highway proposal and the general revenue proposal," he said, "and I think we can do that."

House Speaker Tim Jones, R-Eureka, said the need for infrastructure improvements statewide is "at a crisis level." Jones did not explicitly state whether he wanted the bond issue to be combined with the highway proposal, but he said he was not above combining them.

"Each proposal will live and die on its own merits," Jones said.

The house proposal discussed Tuesday is similar to a bond issue in the senate sponsored by Sen. Kurt Schaefer, R-Columbia. Kelly said he is in close contact with Schaefer on the bond issue.

Representatives from a number of colleges and universities spoke in favor of the bond issue at Tuesday night's hearing. University of Missouri System President Tim Wolfe said the system's four campuses have about $1.3 billion worth of projects on hold due to lack of state funds, including renovations to Lafferre Hall on the MU campus. Other representatives told the committee their universities had hundreds of millions of dollars' worth of projects on hold.

Nobody spoke against the bond issue at the hearing, but opponents to past bond issue proposals have cited fears about borrowing money against an uncertain future.

More News

Grid
List
BRIDGETON (AP) — Authorities said four family members have been found shot to death in a suburban St. Louis home.... More >>
2 hours ago July 30, 2016 Jul 30, 2016 Saturday, July 30 2016 Saturday, July 30, 2016 5:22:42 PM CDT in News
SPRINGFIELD (AP) — Two people have been charged in connection with a marijuana grow operation in south-central Missouri. ... More >>
2 hours ago July 30, 2016 Jul 30, 2016 Saturday, July 30 2016 Saturday, July 30, 2016 4:50:26 PM CDT in News
COLUMBIA - The Animal Behavior Society held an event for families to come and learn about animal research. The... More >>
3 hours ago July 30, 2016 Jul 30, 2016 Saturday, July 30 2016 Saturday, July 30, 2016 4:19:00 PM CDT in News
ST. LOUIS (AP) — A man convicted of charges stemming from a cyberattack that disabled the St. Louis County police... More >>
6 hours ago July 30, 2016 Jul 30, 2016 Saturday, July 30 2016 Saturday, July 30, 2016 1:01:00 PM CDT in News
COLUMBIA - With shootings and gun control in the news, one concealed carry class taught some mid-Missourians about gun safety.... More >>
6 hours ago July 30, 2016 Jul 30, 2016 Saturday, July 30 2016 Saturday, July 30, 2016 12:56:00 PM CDT in News
EMINENCE (AP) — A 440-acre swath of southern Missouri that once included an outdoor music venue is the newest state... More >>
7 hours ago July 30, 2016 Jul 30, 2016 Saturday, July 30 2016 Saturday, July 30, 2016 11:43:06 AM CDT in News
EUGENE - One person is in custody following a shooting in Eugene Friday afternoon. The individual in custody is... More >>
8 hours ago July 30, 2016 Jul 30, 2016 Saturday, July 30 2016 Saturday, July 30, 2016 11:22:00 AM CDT in News
KANSAS CITY, Mo. (AP) — Two Bonner Springs teens addressed the Democratic National Convention, recalling how they were fired after... More >>
8 hours ago July 30, 2016 Jul 30, 2016 Saturday, July 30 2016 Saturday, July 30, 2016 10:41:16 AM CDT in News
COLUMBIA - The Columbia Police Department responded to a shooting Friday night in the area of Pennant Street and Worley... More >>
10 hours ago July 30, 2016 Jul 30, 2016 Saturday, July 30 2016 Saturday, July 30, 2016 8:33:00 AM CDT in News
KANSAS CITY, Mo. (AP) — A crowd of about 50 people converged on a Kansas City convenience store, with some... More >>
23 hours ago July 29, 2016 Jul 29, 2016 Friday, July 29 2016 Friday, July 29, 2016 7:43:42 PM CDT in News
KANSAS CITY, Mo. (AP) — The former owner of two Missouri daycare businesses has been sentenced to two years in... More >>
23 hours ago July 29, 2016 Jul 29, 2016 Friday, July 29 2016 Friday, July 29, 2016 7:34:44 PM CDT in News
KANSAS CITY, Mo. (AP) — The mother of a 24-year-old man fatally shot by Kansas City police in 2013 has... More >>
1 day ago July 29, 2016 Jul 29, 2016 Friday, July 29 2016 Friday, July 29, 2016 7:27:23 PM CDT in News
CARTHAGE (AP) — Authorities are increasing security at a festival that draws tens of thousands of Vietnamese Catholics to southwest... More >>
1 day ago July 29, 2016 Jul 29, 2016 Friday, July 29 2016 Friday, July 29, 2016 7:22:03 PM CDT in News
JEFFERSON CITY (AP) — Missouri Republican Lt. Gov. Peter Kinder said his experience in office and past success in elections... More >>
1 day ago July 29, 2016 Jul 29, 2016 Friday, July 29 2016 Friday, July 29, 2016 7:16:00 PM CDT in News
COLUMBIA - Getting to the polls can be difficult on Election Day, but COMO Connect will help Columbia residents. The... More >>
1 day ago July 29, 2016 Jul 29, 2016 Friday, July 29 2016 Friday, July 29, 2016 7:05:00 PM CDT in News
FULTON - SERVE, Inc handed out free school supplies to Callaway County students on Saturday. The first 800 people... More >>
1 day ago July 29, 2016 Jul 29, 2016 Friday, July 29 2016 Friday, July 29, 2016 3:32:00 PM CDT in News
COLUMBIA - University of Missouri Interim Chancellor Hank Foley announced Friday he will take over for Interim Athletic Director Wren... More >>
1 day ago July 29, 2016 Jul 29, 2016 Friday, July 29 2016 Friday, July 29, 2016 2:56:00 PM CDT in News
COLUMBIA - Cyclists were out on Friday enjoying new bike lanes along the shoulder of Forum Boulevard. The new lanes... More >>
1 day ago July 29, 2016 Jul 29, 2016 Friday, July 29 2016 Friday, July 29, 2016 2:14:00 PM CDT in Top Stories
Columbia, MO
Broken Clouds 81°
8pm 78°
9pm 74°
10pm 72°
11pm 71°

Select a station to view its upcoming schedule:

Coming Up Next

7:00p
America's Got Talent
8:00p
Dateline NBC
10:00p
KOMU 8 News @ 10
7:00p
Family Guy
7:30p
Family Guy
8:00p
Bob's Burgers

Tonight's Schedule

7:00p
America's Got Talent
8:00p
Dateline NBC
7:00p
Family Guy
7:30p
Family Guy
8:00p
Bob's Burgers
8:30p
Bob's Burgers
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld