CHICAGO — Minnesota Gov. Tim Pawlenty late yesterday sent state lawmakers a letter warning that he intends to veto the $1 billion capital bonding bill approved by the Democrat majorities in both of the Legislature’s chambers.

Pawlenty favors a smaller capital budget and criticized lawmakers for leaving out several key projects he supports. “The people of Minnesota expect us to spend their tax dollars frugally and wisely. This bill does neither,” Pawlenty said in the letter. The Legislature, warned of the veto, still approved the bill late last night.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.