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Road Work: Pay-As-You-Go Or Finance Low?

Road Work: Pay-As-You-Go Or Finance Low?

A bill to allow bond financing for Nebraska road projects overcame a filibuster in the Legislature by lawmakers concerned about taking on the debt.

After voting to end debate, lawmakers voted to advance the bill Wednesday. The bill faces two more votes in front of the Legislature.

Opponents launched a filibuster to block the measure, which would allow Nebraska to issue up to $200 million in bonds at a maximum, fixed interest rate of 5 percent.

Nebraska has used a pay-as-you-go system for decades, but supporters say the state could take advantage of low interest rates.

 Senator Annette Dubas of Fullerton says she introduced the bill to accelerate work on long-delayed projects.

 

 

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