Dayton unveils $775 million bonding package

Governor Mark Dayton today revealed his proposed bonding bill for the upcoming legislative session.  Dayton proposes $903 million in state funding, $775 million of which is general obligation bonding. The total plan includes an additional $575 million in federal or local matching funds, which would result in an estimated 21,000 new jobs.  Some of the proposed projects include:

  • $111 million in projects around the Minnesota State Colleges and Universities system, including a combined $44 million for expansions and renovations at North Hennepin Community College, South Central College, Minneapolis Community and Technical College, and Ridgewater College
  • $107 million in projects in the University of Minnesota system, most notably renovation of the Old Main Utility Building to function as a multi-utility power plant for the Twin Cities campus
  • $76 million in transportation projects including repairs to 82 bridges, expansion of transit in Greater Minnesota, and expansion of four maintenance facilities
  • $60 million in expansions and remodeling at civic centers in Rochester, Mankato, and St. Cloud
  • $42 million in clean drinking water and wastewater infrastructure projects
  • $40 million in remodeling/expansion at the St. Peter Security Hospital
  • $33 million in expanded loans and financing for farmers
  • $29.9 million expansion to the St. Cloud prison
  • $28.5 million in maintenance and upgrades to the State Capitol and nearby office buildings
  • $27 million for a new St. Paul Saints ballpark
  • $26 million for a new state emergency operations center
  • $25 million for the Southwest Corridor Light Rail Transit line
  • $25 million for renovations of the Nicollet Mall in Minneapolis

Republicans are critical of the package, although as of yet they have not released their own bonding proposals.

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3 Responses to “Dayton unveils $775 million bonding package”

  1. 21,000 new jobs? Not buying it. 775 million would produce and average of 36K for these workers. I guess we’re not going to be paying them much, nor are we going to use any materials on these projects. Where does he get this magical number from?

    • $775 million is the state portion of these projects. There are federal and local matching funds and in some cases, private funds that would also used on these projects for a total spend of $1.5 billion.

  2. OK so 70K per job. With no materials? This is a bogus number.

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