After growing Minnesota's state government by an unprecedented 36% and blowing through a record $21 Billion of overtaxed surplus money, Governor Walz proposed adding another billion dollars on the taxpayer credit card today in a press conference. Generally, politicians in St Paul only pass debt bills (known as bonding bills) every other year, but Walz' proposals comes after a massive $2.6 Billion bonding bill passed last year with both Democrat and Republican support.
The bonding bill requires a super majority (60%) for passage, so it's the one key piece of leverage Republicans have to stop Walz and the Democrat legislature from enacting more radical policies. But the Senate Republican lead on bonding, Karin Housley, complained today that Walz' bill didn't spend enough money stating, "I'm concerned there isn't more money in this proposal for local needs across the state."
Nearly half the new debt will go towards maintaining state buildings, especially those in the Minnesota university system.