Higher Ed Bonds Urged

Missouri Rep. Chris Kelly, D-Columbia, last week submitted to the General Assembly a bill that calls for a public vote on $800 million of borrowing for higher education projects.

If lawmakers approve the bill during the current session, the question could appear on the November ballot. Kelly proposed a similar bonding measure last year. It was approved by the House, but the Senate never voted on it.

Kelly and his co-sponsors said the bill, which has bipartisan support, would produce new jobs quickly and is affordable because of low tax-exempt interest rates. Gov. Jay Nixon has not said whether he supports the new plan.

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