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

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

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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UMD chemical sciences building on ‘fast track’

UMD chemical sciences building on ‘fast track’

The U of M’s 2015 capital request, approved in October by the Board of Regents, includes $55 million for asset preservation, $18 million for new veterinary laboratories, and $4 million for a greenhouse to protect the U of M’s rare-plant collection.

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

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

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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The Capitol Note: DFL bonding plan greeted with little Republican support

The Capitol Note: DFL bonding plan greeted with little Republican support

House and Senate Democrats agreed to a bonding deal on Wednesday that includes $850 million of borrowing and $200 million of cash for public infrastructure, but Republicans necessary to pass the measure objected late into the night. The House is expected to take up the bill on Thursday.

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