A large capital investment package is traditionally passed in the even-numbered year of a legislative biennium.
But with a last-minute failure to do so in May 2016, Gov. Mark Dayton is anxious to get shovels in the ground and put construction personnel to work.
The House Capital Investment Committee received a potential starting point for debate Tuesday by reviewing what the state’s top elected official seeks.HF892. Rep. Dean Urdahl (R-Grove City) is the House sponsor. Sen. Sandy Pappas (DFL-St. Paul) sponsors the companion, SF640. Both await action by the respective capital investment committees.
When unveiling his $1.5 billion bonding plan five weeks ago, Dayton said it is largely a catch-up for there being no bill last session.
A nearly $1.1 billion package — including $818 million of general-obligation bonding — was unveiled with about an hour to go on the session’s final night. Passed, as amended, 91-39 by the House in a chaotic final few minutes, the Senate then amended the bill to include funding for the proposed Southwest light rail line between Minneapolis and Eden Prairie. However, the House adjourned sine die before the amended bill was returned.
This year’s gubernatorial proposal includes:
Thirty-five percent of the projects are in Greater Minnesota, 35 percent have statewide impact and 30 percent are in the Twin Cities metropolitan area. Dayton indicated the proposal would create nearly 23,000 jobs.
Minnesota Management and Budget Commissioner Myron Frans said the state’s debt capacity guidelines would allow for a proposal exceeding $3 billion; however, that is not the administration’s recommendation.
The state’s latest economic forecast projects a budget deficit of $188 million for the current two-year biennium, and a $586 million deficit for the 2020-21 biennium
The Minnesota Supreme Court on Thursday upheld Gov. Mark Dayton’s line-item veto of the Legislature’s 2018-19 operating budget.
The budget process explained — and why it matters