The Minnesota Senate passed a $1.87 billion economic development package that will create jobs, invest in critical state infrastructure, and help Minnesota recover from the effects of the COVID-19 pandemic. The legislation invests $1.879 billion toward public assets such as higher education institutions, clean water infrastructure, roads and bridges, parks, trails, and public safety.
“It is incredibly important that we invest in the public assets and infrastructure that are the foundation of our state, and that we help thousands of Minnesotans get back to work,” said Senator Steve Cwodzinski (DFL-Eden Prairie). “I’m happy that we could find bipartisan agreement, in the only divided legislature in the country, for projects in every corner of the state, that support our colleges and universities, address public safety needs and first responders, and invest $100 million in affordable housing needs for Minnesotans in need of a roof over their head.”
The bonding bill includes $1 million for the South Metro Public Safety Training Facility in Edina, and more than $29 million for a new State Emergency Operations Center, which will help provide better coordination for responding to potential statewide emergencies. The bill also includes supplemental budget appropriations that will provide new funding for the Department of Public Safety that will allow a pay raise for Minnesota’s State Troopers.
The legislation also contains a series of tax provisions, including full section 179 conformity to the federal tax code which will help businesses and farmers. It also contains a policy fix for short-term rental properties, flexibility for the Minnesota State High School League’s sales tax proceeds, and an expansion of the homestead property tax exclusion for the spouses of deceased disabled veterans.