Hearings Begin on Billion-Dollar Bond Issue

4 years 9 months 2 weeks ago Tuesday, February 05 2013 Feb 5, 2013 Tuesday, February 05, 2013 6:22:00 PM CST February 05, 2013 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 - A three-car crash temporarily shut down one of the northbound lanes of Range Line St. around 6:00 Tuesday... More >>
6 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 7:00:00 PM CST November 21, 2017 in News
COLUMBIA - The American Farm Bureau Federation conducted a survey on 16 food items from 25 states across the country... More >>
7 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 6:19:00 PM CST November 21, 2017 in News
COLUMBIA - Boone County Auditor June Pitchford presented the commission with her proposed 2018 budget Tuesday afternoon. The commissioners... More >>
7 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 6:06:00 PM CST November 21, 2017 in News
JEFFERSON CITY - A one-of-a-kind facility is starting to take shape in Jefferson City. At the junction of US Highway... More >>
7 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 5:55:10 PM CST November 21, 2017 in News
SEDALIA - Steel giant Nucor announced Tuesday it would build a new facility in Sedalia, bringing 250 new jobs and... More >>
9 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 4:04:00 PM CST November 21, 2017 in News
FULTON - Callaway County Humane Society Investigator Sandy Corbet said she's had an increase in phone calls related to missing... More >>
9 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 3:37:00 PM CST November 21, 2017 in News
JEFFERSON CITY - A man was hospitalized with serious injuries after a crash at MO 179 and Missouri Boulevard. ... More >>
10 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 2:45:00 PM CST November 21, 2017 in News
JEFFERSON CITY - Attorney General Josh Hawley announced a settlement fund for ten Missouri fraud victims. The settlement carries... More >>
11 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 2:29:00 PM CST November 21, 2017 in News
COLUMBIA - Missouri basketball star Michael Porter Jr. will likely miss the rest of the season after undergoing surgery in... More >>
12 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 1:28:00 PM CST November 21, 2017 in News
COLUMBIA - Police arrested two men in connection with a shots fired incident on Clark Lane Tuesday. Detectives arrested... More >>
13 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 12:35:00 PM CST November 21, 2017 in News
JEFFERSON CITY - A vote to remove Department of Elementary and Secondary Education Commissioner Margie Vandeven failed Tuesday. The... More >>
13 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 12:07:00 PM CST November 21, 2017 in News
JEFFERSON CITY - The Missouri Supreme Court set an execution date for convicted murderer Russell Bucklew. Bucklew is scheduled... More >>
14 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 11:19:00 AM CST November 21, 2017 in News
JEFFERSON CITY - Pope Francis named Father Shawn McKnight the new bishop of the Diocese of Jefferson City Tuesday. ... More >>
15 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 10:35:00 AM CST November 21, 2017 in News
JEFFERSON CITY (AP)— Missouri Gov. Eric Greitens has appointed a new member to the Missouri State Board of Education... More >>
15 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 10:04:36 AM CST November 21, 2017 in News
GULFPORT, MS - Police arrested two people wanted in connection with the Missouri murder of 72-year-old William Domann. Nathan... More >>
15 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 9:48:00 AM CST November 21, 2017 in News
COLUMBIA - A man arrested after an alleged SUV theft on November 17 faces numerous charges, including stealing, tampering with... More >>
15 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 9:45:06 AM CST November 21, 2017 in News
COLUMBIA - Columbia police arrested three men Tuesday in connection with the robbery at McDonald's on Smiley Lane. Detectives... More >>
16 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 9:28:00 AM CST November 21, 2017 in News
COLUMBIA - The Food Bank for Central and Northeast Missouri wants you to help feed families in need this holiday... More >>
16 hours ago Tuesday, November 21 2017 Nov 21, 2017 Tuesday, November 21, 2017 9:26:00 AM CST November 21, 2017 in News
Columbia, MO
Broken Clouds 26°
2am 27°
3am 26°
4am 26°
5am 26°

Select a station to view its upcoming schedule:

Coming Up Next

1:07a
Inside Edition
1:37a
Paid Program
2:07a
Today with Kathie Lee & Hoda
1:00a
Top 30
1:30a
Page Six TV
2:00a
Paid Program

Tonight's Schedule

7:00p
The Wall
8:00p
Saturday Night Live
7:00p
iHeartRadio Music Festival, Night 1
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld