Alabama Lawmakers to Vote on Borrowing

By: The Associated Press
By: The Associated Press

Montgomery, Alabama The Alabama Legislature could use its last meeting day to authorize the borrowing of $280 million through state bond issues.

The bond issues awaiting a final vote Monday would affect school security, reconstruction of tornado-damaged schools, the construction of National Guard armories, and the purchase of school technology equipment and electronic textbooks.

Gov. Robert Bentley says that's a lot of borrowing, and he doesn't know whether all of it will be done. Senate Budget Committee Chairman Trip Pittman said low-interest rates make bonds attractive for some expenses, but sometimes it's better to pay as you go.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WTOK-TV 815 23rd Ave Meridian, Ms. 39301 Phone: (601) 693-1441
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 208067901