Washington lawmakers are weighing a public works spending plan of more than $1 billion that would be funded by revenue bonds backed by hazardous material taxes.

Senate Democrats are putting together the package and are still trying to get Republicans — who have indicated some interest — fully on board, according to the Seattle Times.

Lawmakers are trying to come up with a plan that would satisfy underwriters and still maintain the state’s rating, the newspaper reported.

The newspaper said the money would fund a wide range of projects from schools to sewer and water projects.

The plan would leverage an existing tax.

Labor and construction lobbying groups are pushing for a package as big as $2 billion, the paper said.

Lawmakers also said that lowering the state’s debt limit has been discussed during talks over the package.

Last year, a push for a constitutional amendment to reduce Washington’s debt limit failed.

The amendment would have reduced the state’s debt limit to 7% from 9% of general revenue and revised the formula used to calculate it. 

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