Legislators Reveal Debt Spending Bill

The Minnesota House released its debt spending bill (also known as a bonding bill or "capitol investment" bill) today. On top of passing a massive $46 Billion budget last year, the largest in Minnesota's history, Republican legislators want to add $825 Million in debt on the state credit card.

Rep Dean Urdahl (R-18A) revealed HF4404this morning, highlighting the bill's intended purpose of maintaining "public infrastructure". The bill would issue debt on the backs of Minnesota taxpayers to fund several road projects, water treatment projects, public land acquisition by the DNR, a building for a private charity, money for the Minnesota zoo, money for higher education, money for a National Eagle Center, and much more.

Action 4 Liberty opposes adding debt to the state credit card. The good projects in the bill should be appropriated using general funds (money collected by the government through current revenue sources). We will score this bill and ask legislators to vote no.



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