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Chair Lee’s statement on Minnesota’s Budget Forecast and Bonding Capacity

Thursday, February 29, 2024

St. Paul, MN - Today, Minnesota Management and Budget released the February Budget and Economic Forecast. In addition to depicting a state economy that continues to grow and a stable state budget, the forecast also shows the state’s bonding capacity for a Capital Investment bill is up to $980 million, an increase from previous estimates.

State Representative Fue Lee (DFL - Minneapolis), Chair of the House Capital Investment Committee, released the following statement on today’s state budget forecast:

“The February forecast not only shows the positive impact of our recent investments and policies, it also provides us with the capacity to address some of Minnesota’s dire infrastructure needs. Touring communities throughout the state last fall, the House Capital Investment Committee saw hundreds of projects worthy of state investment, far outpacing our bond capacity. As we craft our proposal for this year’s Capital Investment Bill, today’s numbers show that more projects - those that protect what we have, build what we need, and address communities too often left behind - have the ability to be funded this year. I look forward to working with my colleagues on both sides of the aisle to deliver the Capital Investment Bill Minnesotans deserve.”


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