The Senate Capital Investment Committee held its first hearing this week via teleconferencing. The committee was focused on transportation in the bonding bill. Testifiers representing labor and business groups shared their perspectives on the importance of a bonding bill for transportation, jobs, and economic development.
A robust bonding bill creates good-paying trade jobs throughout the state, which boost both the local and state economies. Although bonding for transportation is important, there are many needs across the state that would benefit from bonding funds. With regionally significant state assets throughout Minnesota, investing in our aging and diverse infrastructure is critical and beneficial to every corner of the state.
Higher education institutions across the state have serious needs, and without significant investments, barriers to learning and educational excellence will be created. Additionally, many communities across Minnesota face expensive and necessary upgrades to keep drinking water clean and safe; significant state investment is needed in our water treatment systems.
The hearing sets the stage for the release of the Senate Republican bonding bill in the coming weeks. As proposals are discussed, Senate DFLers will continue to be strong advocates for Minnesotans and our communities.