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May 31, 2007
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Turnout will probably be extremely light for Tuesday's special election to decide two statewide constitutional amendments.

State leaders term the passage of Amendment 1 as important to securing the new ThyssenKrupp steel mill announced recently for Calvert.

Legislators early this year passed legislation to increase the state's bond debt limit from $350 million to $750 million to help fund incentives for Thyssen-Krupp and other companies considering new plants in Alabama.

Gov. Bob Riley and other state leaders are urging a yes vote on Amendment 1.

Amendment 2 would establish a permanent trust fund to help pay health-care costs for state and education retirees. Currently, the state has $20 billion in unfunded benefit obligations for retirees.

Proponents say the trust fund is needed so the state won't have to borrow money to fund the obligations.

 


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