Hearings Begin on Billion-Dollar Bond Issue

4 years 2 weeks 2 days 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
COLUMBIA - Some people on the front lines of drug abuse prevention and rehabilitation have suggestions for parents on how... More >>
25 minutes ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 9:32:43 PM CST in News
JEFFERSON CITY (AP) — Vice President Mike Pence has planned to visit Missouri Wednesday to tour an equipment and engine... More >>
2 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 7:16:00 PM CST in News
ST. LOUIS (AP) — The wife and stepson of the leader of a Ku Klux Klan group who was found... More >>
3 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 6:17:41 PM CST in News
COLUMBIA (AP) — Democrats are asking Missouri Gov. Eric Greitens to allow an expansion of family leave options for employees... More >>
4 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 5:39:34 PM CST in News
COLUMBIA - The Columbia City Council rolled out an overhaul of city development and housing rules Monday. The city... More >>
4 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 4:58:00 PM CST in News
JEFFERSON CITY (AP) — Missouri lawmakers are considering proposals to update state driver's licensing procedures to comply with federal law.... More >>
5 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 4:41:00 PM CST in News
COLUMBIA – Emotions were high as people told gut wrenching stories about how they are affected by the Affordable Care... More >>
6 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 3:54:00 PM CST in News
JEFFERSON CITY – Gender accessibility has become a controversial topic on a national level, and a bill presented at a... More >>
7 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 2:50:00 PM CST in News
COLUMBIA- The University of Missouri System is looking for a chancellor with "a collaborative and transparent leadership style" who is... More >>
7 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 2:38:00 PM CST in News
COLUMBIA - Promoting residents to interact closely with the police is the main step for city staff to build a... More >>
7 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 2:31:00 PM CST in News
JEFFERSON CITY - A Columbia man has been charged in federal court on accusations that he played a role in... More >>
7 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 2:13:00 PM CST in News
COLUMBIA - The Columbia Fire Department was dispatched to a gas leak at Bouchelle Avenue and College Avenue Tuesday afternoon.... More >>
9 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 12:51:00 PM CST in News
JOPLIN, Mo. (AP) — A Joplin man alleged that police used excessive force in his 2015 arrest. The Joplin... More >>
12 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 9:53:00 AM CST in News
KANSAS CITY (AP) — Authorities say two teenage cousins have died in a Kansas City crash. The Kansas City... More >>
13 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 8:43:52 AM CST in News
ST. LOUIS (AP) — A 14-year-old boy is recovering from non-life-threatening injuries after being hit by a train in suburban... More >>
14 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 7:33:09 AM CST in News
UNIVERSITY CITY (AP) — Authorities in Missouri are investigating after dozens of headstones were damaged at a Jewish cemetery near... More >>
17 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 4:39:00 AM CST in News
COLUMBIA - As the warm weather approaches, the number of unwanted litters increases, putting a burden on local shelters. ... More >>
19 hours ago February 21, 2017 Feb 21, 2017 Tuesday, February 21 2017 Tuesday, February 21, 2017 2:30:00 AM CST in Top Stories
HENNEPIN COUNTY, Minnesota - A Missouri construction worker, David Earl Hyde, 38, of Fulton died while on the job in... More >>
1 day ago February 20, 2017 Feb 20, 2017 Monday, February 20 2017 Monday, February 20, 2017 9:54:00 PM CST in News
Columbia, MO
Broken Clouds 55°
10pm 55°
11pm 53°
12am 52°
1am 51°

Select a station to view its upcoming schedule:

Coming Up Next

9:00p
Chicago Fire
10:00p
KOMU 8 News @ 10
10:35p
The Tonight Show Starring Jimmy Fallon
9:30p
Seinfeld
10:00p
The King of Queens
10:30p
The King of Queens

Tonight's Schedule

7:00p
The Wall
8:00p
This Is Us
9:00p
Chicago Fire
7:00p
The Flash
8:00p
DC's Legends of Tomorrow
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld