Associated Press
OLYMPIA — Gov. Gary Locke has signed a construction budget that spreads about $110 million on projects around the state in a bid to create jobs and boost the economy.
The bill — among more than 30 Locke signed Thursday — adds to the larger $880 million construction budget for the 2001-03 biennium that lawmakers approved last year. Budget writers said they chose the new projects with an eye toward creating private-sector jobs quickly.
Locke also signed a companion bonding bill, Senate Bill 6818, which lets the construction budget dodge the legal limit on how much debt the state can carry.
State law limits bond debt to 7 percent of general revenue, and the steep post-Sept. 11 decline in revenue meant the existing construction budget didn’t fit under the limit, let alone any extra spending. Lawmakers raised the limit by counting real estate excise tax revenue that hadn’t been included in the calculation.
"Because the Legislature agreed on an innovative financing plan, we not only can go ahead with the $880 million in projects, but we also can provide an additional $100 million for other new projects, most of which we can get under way this spring and summer, saving or creating 4,000 jobs we need now," Locke said.
The projects include dozens of small repairs and renovations at parks, community colleges and schools, as well as larger-scale work at four-year universities and $17.5 million to dredge the Columbia River shipping channel.
Locke vetoed two sections of the budget:
Locke also signed bills dealing with:
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