Quinn signs bill to allow sale of bonds to pay for Grand Tower l - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Quinn signs bill to allow sale of bonds to pay for Grand Tower levee repair

Posted: Updated:
GRAND TOWER, IL (KFVS) -

Illinois State Representative Mike Bost (R-Murphysboro) says that Governor Pat Quinn has signed a bill into law that would allow Jackson County to issue bonds in order to pay for repairs to the Grand Tower Levee.

“Today is a good day for the people of Grand Tower and Jackson County as a whole,” Rep. Bost said. “Thanks to the Governor’s signature, Jackson County will now be able to raise the necessary funds needed to repair the Grand Tower Levee.”

In 1994, voters in Jackson County approved a referendum for the issuance of bonds to generate revenue needed to repair the levee. However, they failed to sell enough bonds and the timeline to sell the bonds expired.

The Grand Tower community was doing everything they could just to raise money to fix their ailing levee.

A cost-sharing proposal from the Army Corps of Engineers threatened to place 35 percent of the costs on the city.

Officials said they couldn't afford it.

In May, state lawmakers passed a bill that would issue bonds to pay for those repairs.

Copyright 2014 KFVS. All rights reserved.

Powered by WorldNow

310 Broadway
Cape Girardeau, MO 63701

FCC Public File
publicfile@kfvs12.com
573-335-1212
EEO Report
Closed Captioning

All content © Copyright 2000 - 2014 Worldnow and KFVS12. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.