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Storms pass through Callaway County Wednesday October 1, 2014

State hospital, nuclear plant road boosted by new state bond issues

Prospects for construction of a new Fulton State Hospital and a new road from Fulton to the Callaway nuclear plant increased Wednesday with the announcement of a proposed huge state building bond issue and a highway bond plan.

With interest rates the lowest in many years, the Missouri General Assembly is poised to push for a massive state bond issues to finance construction of state buildings and highways.

The exact amount of the building bond issue has not yet been determined but with the payoff of a previous bond issue the state has an opportunity to have a bond issue of about $950 million with no tax increase.

House Speaker Tim Jones, R-Eureka, has teamed up with Rep. Chris Kelly, D-Columbia, to launch a bipartisan plan to issue up the building bonds for colleges, parks, mental hospitals.

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