Eye On Boise

Final bond payment on Capitol renovation to be made next year...

Next year, the state will make its final payment on the bonds that paid for renovating the state Capitol; the $20.1 million annual payments for seven years are being covered by cigarette tax funds. “The $20 million bond payments will be ending in fiscal year 2015,” Jeff Youtz of the Capitol Commission told legislative budget writers this morning. After that, the money “by statute, goes back into an economic recovery reserve fund.” However, he noted, lawmakers at that point could direct it elsewhere if they so chose.

Rep. Maxine Bell, R-Jerome, co-chair of the Joint Finance-Appropriations Committee, said, “It’s been a beautiful experience to be back in a building that looks like this one – and works.” Amid laughter, she said, “Now the wiring works, and everything flushes.”

The bonds were initially authorized for up to $130 million, then revised downward. The 18-month project was completed on time and $1 million under budget, Youtz said.




You must be logged in to post comments. Please log in here or click the comment box below for options.

comments powered by Disqus
« Back to Eye On Boise
Betsy Z. Russell
Betsy Russell covers Idaho news from the state capitol in Boise and writes the Eye on Boise blog.

Follow Betsy online:








Close

Sections


Profile

Close

Contact the Spokesman

Main switchboard:
(509) 459-5000
(800) 338-8801
Newsroom:
(509) 459-5400
(800) 789-0029
Customer service:
(800) 338-8801