Two days before a public hearing on its proposal, the House majority has unveiled its 2018 bonding proposal.
Heavy on asset preservation, the package checks in at $825 million in general-obligation bonding, slightly more than half of the $1.5 billion plan proffered by Gov. Mark Dayton in January.
“Minnesotans expect us to maintain public infrastructure, following the simple notion that we should take care of the property we own,” Rep. Dean Urdahl (R-Grove City) said in a statement. "We are addressing the important needs of our cities and state, while respecting the taxpayers. This is a sound bill with good geographic balance and I look forward to bipartisan support."
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The House Capital Investment Committee, which Urdahl chairs, is scheduled to hear HF4404, as amended, at 9 a.m. Friday.
Traditionally, the second year of a biennium is focused on capital investment; however, a nearly billion-dollar package was enacted last session.
The 2018 proposal includes $153 million for water and conservation projects —including $30 million for wastewater projects, $25 million to improve drinking water and $20 million to match federal grants for qualified water improvement projects.
Road and transportation infrastructure is funded to the tune of $120 million, including $91.2 million “for construction and reconstruction of local roads with statewide or regional significance … or for grants to counties to assist in paying the costs of rural road safety capital improvement projects on county state-aid highways.”
Other proposed spending includes:
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