VA Senate Passes McDonnell's Transportation Bill: "Republican Gov. Bob McDonnell's $4 billion transportation financing proposal has cleared the state Senate despite concerns that most of it is borrowed.
The 34-6 vote clears the last remaining hurdle for the governor's plan to jump-start mothballed highway projects using nearly $3 billion in debt.
Sen. William Wampler, R-Bristol, the bill's sponsor, said opportunities to hire contractors and borrow money at the lowest rates in decades outweighed concerns about taking on too much debt."
Friday, February 11, 2011
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