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Republicans oppose proposed 75-year Sound Transit bonds, cite governance and cost concerns
Summary
At the caucus availability, Republican transportation members said allowing Sound Transit to issue 75-year bonds would be financially irresponsible, increase interest costs dramatically and raises accountability concerns because the agency's governing body is not fully elected.
Republican leaders at the media availability opposed a bill that would let Sound Transit issue 75-year bonds instead of the current 40-year maximum.
A Republican senator who serves on the Senate Transportation Committee said he voted against pursuing the longer-term bond option, arguing it would significantly increase the state's debt burden and produce substantially higher interest…
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