It took just an hour of debate on the Senate floor before the nearly 1.2 billion dollar billion Bonding Bill passed by a vote of 47 to 17 Friday. That was after the House passed it earlier.
The bill makes use of $846 million in General Obligation (GO) bonds and an additional $200 million in one-time cash leveraged from the state's budget surplus. Senator LeRoy Stumpf, Chair of the Senate Capital Investment Committee said he is happy about the final bill and thinks it will move Minnesota forward.
Significant investments in both higher education and transportation were also among the key priorities in this year's bonding bill. Stumpf highlighted the need for skilled workers in businesses across the state, he noted on the Senate floor how investing in technical colleges and universities will pay off in the long-run for businesses.
The bill includes money for Winona State's Education Village Phase One, Southeast Tech's classroom upgrades and for the Winona Port.