Minnesota House Democrats last night (Sun) unveiled their roughly one-billion-dollar bonding bill for state public works projects — double what Governor Tim Walz proposed, and on the heels of last year’s record-breaking 1.9-billion-dollar bonding package. House Speaker Melissa Hortman says “needs are still great” across Minnesota and investments are important to get the state’s post-COVID economy moving. Senator Tom Bakk, Cook Independent who chairs the Senate Bonding Committee, has a different view:
“We’ve got all of this federal money… coming in, one-time money. I don’t know why we would borrow.”
Bakk says he wants to minimize the amount of borrowing, and use money that would have been spent on interest for the regular budget instead.