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Walz unveils record $2.73 billion capital investment proposal

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Gov. Tim Walz has a simple message for legislators wanting to put together a capital investment package this year: Go big.

To preserve the past, meet current needs and build a stronger future, Walz unveiled his $2.73 billion Local Jobs and Projects Plan Tuesday. It includes $2 billion in general obligation bonds, $276 million in General Fund spending and $250 million in appropriation bonds.

“In 2020, we passed the largest jobs bill in state history, investing in the projects that local communities told us matter most to them. Now, with Minnesota’s strong economic outlook, we have an opportunity to make even more progress,” Walz said in a statement. “With a focus on projects like roads, bridges, fire stations, and veterans homes, our plan will repair and replace critical infrastructure and improve the lives of Minnesotans in every corner of the state.”

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