Kitzhaber proposes $242M for college construction

Portland Business Journal:

Gov. John Kitzhaber proposes distributing $242 million in bond sale proceeds throughout the state’s higher ed system to fund new construction in his 2013-2015 budget.

The state funds will augment an additional $390 million in bond proceeds that the individual schools will repay.

The governor’s office developed the list to help schools develop capacity to support Oregon’s 40-40-20 higher ed goal. By 2025, Oregon aims to have a 100 percent high school completion rate with 40 percent of adults…

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