Thursday, January 24, 2013
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.