State Senator Julie Rosen of Vernon Center says she supports the concept of state bonding.
“Bonding is extremely important to the communities of St. James, Vernon Center, Fairmont, and Jackson in all my district, ” said Rosen. “It’s something I support.”
But Rosen says it must be done in a responsible way.
“You don’t want to put borrow so much that it puts the state into debt for 30 years,” said Rosen. “While a good argument can be made that interest rates are cheap, it still costs a lot of money to borrow money. We have up to 775 million dollars in general obligation bonds that we can borrow without debt moving forward.”
Governor Walz released his bonding plan over the past week. The total of the four packages the governor released was slightly over two billion dollars. Senate Republicans are looking at a price tag around half that. The Minnesota legislative session will begin on February 11th.