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Keyword: roadstoprosperity

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  • Should ‘Roads to Prosperity’ turn toward West Virginia pothole repair?

    03/28/2019 10:43:11 PM PDT · by Tolerance Sucks Rocks · 5 replies
    WV Metro News ^ | March 12, 2019 | Brad McElhinny
    CHARLESTON, W.Va. — West Virginia has a mountain of borrowed money on hand for “Roads to Prosperity” highways projects. Should a slice of that money be diverted to fix bumpy, bouncy secondary roads? West Virginia went to market with $800 million in bonds last May. Because of advantageous interest rates, the state actually wound up with bonds valued at $915 million. Since then, very little has been used. According to documents available through the state Auditor’s Office, only $11,133,309.19 had been spent as of earlier this week. Meanwhile, the money in reserve generated $13,666,081.46 in interest. So what’s been spent...