Locke willing to borrow funds for water projects

Calling water "the lifeblood of the American West," Gov. Gary Locke says he's willing to borrow $1 billion to build water projects to guarantee safe, abundant supplies for communities, fish and farmers.

His endorsement of a $1 billion, 20-year state commitment came Tuesday, during the first of three days of discussions on proposed legislative changes in statewide water policy. The water conference attracted lawmakers, tribal representatives, irrigators, fish experts and environmental activists.

"Water is synonymous with progress and there will be no progress without water," Locke said.

Of the total, Locke would spend $300 million to ensure the health of public water supplies, plus conservation and water reuse; $100 million to help irrigators use water more efficiently; $300 million to increase water storage and delivery systems and $100 million to buy or lease water for fish.

It was unclear whether Locke's proposal would require new or additional taxes. Similarly uncertain is whether the state has the financial wherewithal to sell such a large amount of bonds.

The governor said the state should take advantage of current low interest rates.



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