Members of Mo. House Reveal Fulton State Hospital Proposal
JEFFERSON CITY - Members of the Missouri House of Representatives revealed a bonding proposal Monday to fund the construction of a new Fulton State Hospital.
House Budget Committee Chairman Rick Stream, R-Kirkwood, presented the plan alongside Rep. Jeannie Riddle, R-Fulton.
In a news release, Stream said Gov. Jay Nixon's proposal would cost Missouri taxpayers around $120 million more in interest payments in comparison to the plan launched Monday.
The proposal would allow the state to issue revenue bonds for a five-year period. The state would make payments of approximately $47 million each year.
Stream said the plan is far more fiscally responsible than the governor's 25-year bonding proposal that would cost the state more than $150 million in interest.
Stream said the plan will make "a new mental health facility in Fulton a reality."
Stream said the end result is much-needed because the building opened in 1851 is aging. The hospital is Callaway County's largest employer, and Stream and others have long warned that the facility is becoming "exceedingly dangerous for patients and the state employees who work there."
The House and Senate appropriated $13 million last year for planning and design of the project in anticipation of funding the project this year.
Gov. Nixon's plan called for $14 million from the House for initial bond payments with the plan to issue a total of $198 million in bonds for the hospital.
According to Nixon, the House did not include the $14 million in its budget proposal.
On February 19, Nixon released a statement saying, "Without these resources in the budget, we will be unable to move forward with the planning and design process for this urgent project."