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House Research home > Minnesota Government in Brief > Government Finance
Twin Cities metropolitan regional government debt is $2,959.4 million net outstanding.
The council had $1,219.1 million net outstanding general obligation bonds as of December 31, 2010, constituted as follows:
MAC had $1,740.3 million net outstanding as of January 3, 2011, in:
The Metropolitan Council and the MAC are authorized to issue debt. As of December 31, 2010, the MAC could issue $55 million more in general obligation revenue bonds. The MAC has not levied property taxes to pay general obligation revenue bonds since 1969.
The Metropolitan Council may issue an unlimited amount of debt for the wastewater collection and treatment system. As of September 30, 2010, the Metropolitan Council could issue $125.5 million more for transit fleet and facilities and $35.1 million for capital improvement grants for regional parks.
Originally published January 2011.