Minnesota Governor Tim Walz touted the need for lawmakers to pass a bonding bill this session. Walz says it was important before the pandemic hit and is more important now.
“We asked communities what they needed,” said Walz. “We’ve made the case that Minnesota needs to invest in its infrastructure and its people. Not only will it create jobs but it will keep the value of our assets up.”
Minnesota Department of Management and Budget Director Myron Frans says the state can afford it.
“We are way below our debt limits,” said Frans. “We borrow less than other states. We are in a great position to make this financial commitment.”
The Governor is suggesting a two-point-six billion dollar-bonding bill. Senate Republicans said last week they would support a one-point-three billion dollar bonding bill.