State lawmakers approve borrowing $230 million

other_state_govBy Jeff Amy

Associated Press

JACKSON – Mississippi lawmakers are approving plans to borrow almost $230 million.

House and Senate members approved House Bill 787 and Senate Bill 2975 Monday, authorizing the state to sell new bonds. The bills now to Gov. Phil Bryant for his consideration.

Under the bills, the state would borrow $30 million to buy a railroad running from Southaven to Canton and give the first $8 million of a three-year pledge to Tupelo’s Cooper Tire & Rubber Co. plant

Plans also call for $92.8 million for projects at public universities, including $30.5 million for a new medical school building at the University of Mississippi Medical Center in Jackson, and $23 million for community colleges.

Another $14 million would go for history and civil rights museums the state is building in Jackson.

  • Cletus Snow

    Borrowing from Peter to pay Paul is never good…