January 26th, 2012
jeff-rosenberg

The House’s inadequate bonding bill in context

For a bit more context on just how inadequate the House GOP’s proposed $500 million bonding bill is, here’s a bit of historical context. The chart below shows bonding since 1994, expressed in terms of 2011 dollars:

(Source [PDF])

As you can see, and as I mentioned earlier, the Governor’s proposal is right in line with previous years. The House GOP’s proposal, on the other hand, would be the lowest in two decades.

It makes absolutely no sense to propose the smallest bonding bill in two decades at a time when we’re trying to recover from a recession. The GOP will try to pretend this is somehow about fiscal responsibility, but that’s nonsense. First of all, they’ve already proven that they don’t care about fiscal responsibly. Second, the Governor’s plan would reduce our debt-service payments. There’s simply no legitimate reason to hold back our economy.

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Bonding
MN Legislature
Research
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