Fiscal note on jobs bill is $701 million

The fiscal note on the jobs bill is out, and there is a bit of a surprise.

What had been touted as a $516 million package is weighing in at $701 million in bonding, in the opinion of the non-partisan Office of Fiscal Analysis. The debt service would cost $1.1 billion over 20 years.

A big part of the jump appears to be the inclusion of some funding programs that will continue beyond the next two years, which was the timeframe used by the administration in valuing most of the jobs package.

There also was a $10 million addition for a new program added to the package since the public hearing last week, when the administration said the bill would cost $516 million.