Summary
OLYMPIA (AP) -- The state will defer sales of $70 million in transportation bonds guaranteed by the new gas tax increase if an initiative seeking to overturn that hike makes the ballot, as appears likely.
The State Finance Committee passed a resolution Tuesday to start selling bonds on Aug. 16 for $322 million of transportation projects. Of that total, however, the $70 million guaranteed by the increase that took effect July 1 will be held up until the secretary of state's office verifies whether the initiative campaign has sufficient valid signatures. Roughly 225,000 are required.See the full content of this document
Extract
Gas-Tax Initiative May Delay Transportation Bonds
If the initiative makes ...
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