GOP Shrinks Bonding Bill

Minnesota House Republicans, who hold a majority, last week released a scaled-down version of Gov. Mark Dayton’s proposed capital budget known as the bonding bill package.

The House plan calls for spending $280 million, compared to the Democratic Dayton’s proposal unveiled earlier this year that totals nearly $800 million.

Republicans did float an additional $220 million in multi-year borrowing to help finance renovations to the state capitol.

Dayton, a member of the Democrat-Farmer-Labor Party, believes the higher level of spending in his plan is needed to create more jobs and spur economic development.

Republicans contend the state should not take on so much additional debt.

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