St. Paul, MN - Today, Governor Tim Walz and Lt. Governor Peggy Flanagan released their 2022 bonding recommendations, totaling over $2.7 billion in capital investment projects. State Representative Fue Lee (DFL - Minneapolis), Chair of the House Capital Investment Committee, applauded the administration’s recommendations, noting the strong investments in housing and the dedication to equity-focused projects.
“In communities throughout Minnesota, there is an immense need for investment in local projects and resources that bring jobs and opportunities to the region, especially when it comes to investing in marginalized Minnesotans and addressing our state’s housing crisis. The recommendations put forward by the Governor do just that, setting the stage for a historic investment in equity-focused projects and providing more Minnesotans with a safe and secure place to call home,” said Chair Lee. “In Minnesota, no matter where you live or what you look like, you deserve to see your state stepping up to invest in your community and future. The House Capital Investment committee will be crafting a robust bonding bill this session that delivers for all Minnesotans.”
Late last year, the House Capital Investment Committee spent a combined total of 14 days on the road, traveling 2,369 miles and visiting 130 sites of proposed capital investment in the state. The 273 project presentations seen by the committee translate to $5.5 billion in bonding requests. Currently, the state’s AAA bond rating and low interest rates indicate an opportune time to sell state bonds to fund infrastructure projects.
Minnesota Management and Budget will present the Governor’s bonding recommendations before the House Capital Investment Committee on Tuesday, February 4.