Alabama voters to decide on selling bonds
MONTGOMERY, Ala. (AP) — Alabama voters will decide whether to allow Gov. Robert Bentley to increase the state's borrowing to provide more money to entice industries to locate and expand in the state.
The Legislature used its special session to approve a proposed constitutional amendment that would rewrite the rules for a state bond commission. The commission has almost reached its bond limit, but the proposed constitutional amendment would allow about $130 million more in bonds to boost economic development. Bentley says it's crucial to attracting large industrial projects and lowering Alabama's unemployment rate.
Republican Rep. Arthur Payne of Birmingham voted against it. He said the debt problems of the nation and of Jefferson County should make voters cautious about increasing Alabama's debt.
The amendment will go to voters Nov. 6.