We’re finishing up our first week of committee hearings here at the state capitol, including my first week of chairing the House Capital Investment Committee. The first hearings for committees usually focus on presentations to help get members up to speed on the legislative issue areas they’ll be crafting policy for, and in Capital Investment we heard from research staff and the Minnesota Management and Budget Office.
The information we received showed how Minnesota is experiencing historically low interest rates right now - a perfect ingredient for a robust Capital Investment bill (often called a Bonding bill) that can help Minnesota bounce back after this pandemic. Throw in Minnesota’s AAA bond rating, and this is an opportunity we can’t afford to pass up.
We have a lot of work ahead when it comes to reviewing and selecting potential projects for a Capital Investment bill, but it’s good to know we’re starting the process on firm ground. You can read more about Minnesota’s low interest rates and its relation to bond sales here, and you can also watch Tuesday’s and Thursday’s hearing online.
Legislative Priorities for the House DFL
This week, we rolled out the House DFL’s initial legislative priorities for this year’s session, with a focus on getting Minnesota through this pandemic and ensuring that we have the resources necessary to quickly bounce back. While protecting and investing in economic security, worker protections, education, child care, and health and human services are crucial components for Minnesotans, we’re diligently working within all policy areas to build a better state.