House Republicans have put out what they call a compromise bill that spends $200 million more than their initial bonding proposal, and invests in three areas Democrats have said need help.
"This is a true compromise that finds agreement with the Governor and the Senate and respects taxpayers by not exceeding our 10-year bonding average," Rep. Paul Torkelson, a Republican from Hanska, said in a news release.
The proposal, which Republicans unveiled Wednesday, would borrow more than $800 million to fund the projects. Nearly one-third of the money ($227 million) would go to local road and bridge projects, $130 million would be dedicated to water infrastructure projects and $137 million would be for higher education. (See the complete list of projects here.)
"It's been my goal since the start of session to put together a bonding proposal that all sides can vote for, and this bill does just that," House Speaker Kurt Daudt (Republican from Crown) said in the release.
This bill is more expensive than the $600 million budget Republicans had initially said they'd propose – but still way less than the Democrat-controlled Senate's $1.5 billion bonding bill.
As is often the case, Democrats responded quickly. House DFL Leader Paul Thissen put out a statement saying the Republican proposal isn't good enough, and was put together without enough public input with less than a week left to actually debate and pass it.
The House Capital Investment Committee will take up the bill at 10:30 a.m. Wednesday.
The final bonding bill will be decided by legislative leaders, and to pass it must get a two-thirds supermajority. Lawmakers have until 12:01 a.m. on May 23 to pass this, and any other bills, before the end of the session.