Posts tagged: bonds
The state Senate is scheduled this morning to pass a bill, HB 1113, sponsored by local Rep. John Driscoll.
The bill is a $133 million sale of state bonds to pay for school construction projects that are already underway.
The work was already planned, but inflation and faster construction than the state expected means that the school construction fund was running out of money. The bond sale refills that pot of money.
“It would be foolish to stop projects that are halfway done,” said Driscoll.
The list, Driscoll said, include work at the Ferris, Shadle and Rogers high schools, as well as on school buildings in the Mead and Nine Mile Falls districts. All told, there are 167 projects in 67 districts.
“If school districts showed up for reimbursement and we said `Sorry,’ that would give another shock to the economy, a shock we don’t need,” said Hans Dunshee, chairman of the House construction-budget committee.