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Bonding committee unveils $980 million capital investment proposal

Rep. Fue Lee comments to the House Capital Investment Committee Monday during the unveiling of two bonding proposals. (Photo by Andrew VonBank)

Money for asset preservation, infrastructure projects and public housing are included in a $980 million capital investment proposal.

The House Capital Investment Committee heard a walk-through of HF5220, as amended, but took no action Monday. Public testimony is scheduled Tuesday before a committee vote Wednesday.

The package is close to the $982.5 million proposal put forth by Gov. Tim Walz but far short of fulfilling the nearly $7.6 billion in requests from state and local agencies.

Minnesota Management and Budget Commissioner Erin Campbell reported to the committee in February that direct infrastructure funding requests from local governments went from $1.45 billion in 2022 to $2.92 billion in 2024 — a 102% increase.


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