Gov. Mark Dayton signed a $496 million bonding bill Friday that will result in thousands of construction jobs in Minnesota and includes a long list of public works projects, the DFL governor said. Projects include college campus buildings, flood mitigation, roads and bridges and a $44 million start on the renovation of the State Capitol building.
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Public works spending bill heads to Dayton's desk
House lawmakers agreed to the changes made in the Senate Monday night and sent the measure to Gov. Mark Dayton. The borrowing proposal includes money for colleges and universities, infrastructure projects, flood prevention and renovations to the Capitol building.
Senate unveils $496 million bonding bill
The Senate bill unveiled Wednesday comes in midway between Gov. Dayton's $775 million request and the House's own offer of $280 million. What it includes: Higher ed, construction, roads and bridges. What it doesn't: A new ballpark for the Saints, Minneapolis' Nicollet Mall renovation, Southwest light rail and more.
Dayton unveils his bonding plan
The governor wants to borrow $775 million for a public works program that he says would put more than 20,000 Minnesotans back to work. The money would come from the sale of bonds that the state would pay back, with interest, over 20 years. The pool of money includes $27 million for a new stadium in downtown St. Paul.
Senators pass $566 million bonding bill
The borrowing plan, approved by a 45-22 vote Monday night, would use $496 million for public works projects, higher education and state Capitol renovations. It also calls to spend an additional $50 million on unnamed Department of Employment and Economic Development projects. House lawmakers approved a similar measure early Monday afternoon. They can either accept the Senate version or the differences will be negotiated in a conference committee.
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