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Math for Minnesota Public Works Borrowing Bill Proves Tough

Updated: 04/29/2014 11:13 AM
Created: 04/29/2014 10:49 AM KSTP.com

Political calculations are complicating consideration of a public works financing package.
    
It's a marquee bill being closely watched from water-starved Worthington to the campgrounds-in-waiting at the new Lake Vermilion State Park.
    
Neither the House nor Senate has voted on a slate of projects as Democratic leaders maneuver to go beyond an $850 million handshake agreement with Republicans. GOP votes are coveted because of borrowing bills need three-fifths majorities to pass.
    
But top Republicans say they won't budge even as the possibility of steeper tax cuts and other trade-offs are floated in exchange.
    
The bonding bill is a linchpin to the session's completion. Until its size is nailed down, negotiators working on tax and spending plans can't complete their work because the amount of annual debt payments must be accounted for.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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