Senate bonding bill released

The Senate bonding bill was released this week to the public. The proposal spends $825 million in general fund supported debt. This amount is nearly identical to the House proposal, but is significantly less than Governor Dayton’s proposal, which allocates $1.456 billion.

The Senate committee will meet at the end of the week to start working on a proposal that can earn the required votes in the legislature and earn Governor Dayton’s signature. It is important to remember a bonding bill requires bipartisan support because a 3/5 majority, or 41 votes in the Senate, is required for its approval.

A comparison of the proposals can be found here. (SF 4013)