Tuesday, May 05, 2009

$800 Million Dollar Bond Package Stalled

A proposed $800 million dollar bond package for state construction projects is stalled in the Senate. Late Tuesday, Senators continued to filibuster the proposal. The Associated Press reports that critics stalled the legislation because they believe the state should not take on so much new debt in a recession.
If approved, the bond package, much of which focuses on college and university building, would most likely be placed on the November 2010 ballot for voter approval.
ALSO FROM THE WIRE: A Senate panel is proposing to use $50 million in federal stimulus funds to entice a pair of battery-makers to expand in Missouri. The Senate Appropriations Committee added the subsidies to a House bill that now is estimated to spend about $365 million from the stimulus package for projects around the state.
AND: Jason Noble of the K.C. Star writes up the Senate office costume party . . . and notes that the budget is due on the governor's desk in less than 72 hours.

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