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Tuesday, February 03, 2009

24-Hour Dorman: Culver's bonds aren't bottomless

Excerpted from this post at 24-Hour Dorman

Gov. Chet Culver has been out selling his plan to float $700 million
worth of bonds to pay for infrastructure projects. And a big part of
that sales pitch has involved traveling the state to dangle the
possibility of big bucks for hometown projects in front of wide-eyed
local leaders. He's been to Council Bluffs and the Quad-Cities, CR and
elsewhere. Today, he dropped by a Board of Regents planning meeting in
Ankeny to suggest that money from his fund could help replace
flood-damaged Hancher Auditorium. There's nothing wrong with the
governor selling his plan. It is the centerpiece of his legislative
agenda, after all. But we should all remember that $700 million can't
buy everything.

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