Legislators comfortable with nearly $200M bond package
by Associated Press
Published: April 1,2013
JACKSON — Top Mississippi lawmakers say they’ve agreed on a bond package of about $200 million for the coming year.
Senate Finance Committee chairman Joey Fillingane says that includes about $96 million to be divided among the eight universities, including the University of Mississippi Medical Center.
The package also has about $25 million for community colleges and smaller amounts for railroad and highway projects, plus some money for Mississippi Development Authority, the state agency that promotes job creation.
Lawmakers are taking away permission for the state to issue about $230 million bonds for old projects that never came to fruition. Plus, the state will pay off another $240 million in existing bond debt. Taken together, those actions mean Mississippi’s long-term debt level will decrease rather than rise.
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