Gov. Tim Pawlenty wants lawmakers to pass a $685 million bonding bill to fund capital investment projects in higher education, transportation, public safety and other key areas.
Under Pawlenty’s recommendations, the state would issue $685 million in general obligation bonds; however, the actual price tag rises to $815 million when trunk highway bonds and other funding sources are included.
The governor warned lawmakers against passing a larger bonding bill, and said that if they did he might veto the entire bill as opposed to trimming it with line-item vetoes.
The House Capital Investment Finance Division is scheduled to meet Jan. 21 to discuss the governor’s bonding plan and take public comments.
More details on the governor’s capital budget recommendations can be found on the Minnesota Management and Budget Web site.