Iowa Governor Chet Culver has proposed $700 million of spending for state infrastructure projects to help the flood ravished communities and create jobs for economic stimulus.

From the Cedar Rapids Gazette: “The governor also will implored lawmakers to take advantage of the state’s AAA bond rating and low debt load to create a new authority to issue up to $700 million over the next several years to repair and upgrade “every facet” of the state’s critical infrastructure needs without raising taxes.”

Ready-to-go projects including housing, trails, highways, bridges, airports, energy infrastructure, mass transit and flood control improvements are planned to be moved forward with the $700 million.

> Cedar Rapids Gazette: Culver proposes $700 million to rebuild Iowa