The state treasurer’s office says Vermonters are going to get the first chance to buy up to $50 million in bonds that will be used to pay for a variety of state building projects.
Treasurer Jeb Spaulding says the state usually sells its bonds in the fall, but the market was too unsettled and the state didn’t need the money then.
The money raised in the bond sale will be used to pay for government buildings, water improvement and transportation projects.
Spaulding says the Vermonters who want to ‘keep their money at home’ can invest in the future of their state.
Lawmakers and Governor Jim Douglas are considering a future bond sale that could be as large as $100 million. It would focus on bridge repairs.