• Home
  • News
    • Business
    • Crime / Courts
    • Health / Medicine
    • Legislature
    • Politics / Govt
  • Sports
    • The Bill Pollock Show
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Missourinet

Your source for Missouri News and Sports

You are here: Home / Legislature / Concerns Raised About Revenue Bond Deal

Concerns Raised About Revenue Bond Deal

February 25, 2003 By admin Leave a Comment

A State Representative charges the Legislature is setting a dangerous predent by approving $400-Million in revenue bonds to prop up the sagging state budget. Representative Denny Merideth of Caruthersville tells House Budget Committee Chairman Carl Bearden of St. Charles the method being used to pay for the bonds is shaky. Still, Merideth claims the State Legislature has set a dangerous precedent. He says it’s the first time the state has borrowed money to keep operating, rather than to pay for capital improvements. Merideth also criticizes the cost of the bonds. He notes the state is borrowing $400-Million to get a net of $335-Million and the pay-off in 22 years will total around $800-Million.

Share this:

  • Facebook
  • Twitter

Filed Under: Legislature Tagged With: budget

Subscribe to our daily newsletter

Leave a Reply Cancel reply

Your email address will not be published.



Tweets by Missourinet

Sports

Royals building a winner, Chiefs will look different in 2021 (PODCAST)

Thanks for … [Read More...]

Rookie scores in debut as Blues beat Ducks

Zach … [Read More...]

Chiefs GM hopeful Mahomes and his offensive tackles will be ready for training camp

Kansas … [Read More...]

Baseball during a pandemic Cardinals tie, Royals win after Rangers have to stop in the sixth. (PODCAST)

Thanks for … [Read More...]

Former two-star athlete at Mizzou now coach at CBC High School

Former … [Read More...]

More Sports

Tweets by missourisports

Archives

Opinion/Editorials

TwitterFacebook

Copyright © 2021 · Learfield News & Ag, LLC