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Dayton: $1B in bonding for biennium ‘reasonable’

Gov. Mark Dayton said Tuesday that there are lots of capital investment needs throughout the state. He said $1 billion in state bonding over the biennium is within reason. (Staff photo: Bill Klotz)

The current budget assumes $225 million in bonding this year and the state doesn’t have the resources for additional debt service unless the next budget forecast — scheduled to come out mid-March — calls for another surplus.

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Metro counties line up for state bonding to help fund transportation and transit

A new southbound ramp from Interstate 35W to Lake Street would be constructed as part of an access and improvement project in Minneapolis. Hennepin County is seeking $9.56 million in state bonding for the project. (Staff photo: Bill Klotz)

The upcoming legislative session is not supposed to be a bonding year at the state Legislature, but communities across the Twin Cities will seek state support for regional transit, road and rail projects.

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