Walz asks lawmakers to back record $2.7 billion bonding bill

MINNEAPOLIS (AP) — Gov. Tim Walz is asking the Legislature to back a $2.7 billion “local jobs and projects” plan that’s considerably larger than the record package that lawmakers passed two years ago.

The Democratic governor unveiled his wish list at a news conference outside the University of Minnesota’s Institute of Child Development, which is getting a major rebuild thanks to money from the $1.9 billion bonding bill approved by the 2020 Legislature.

Walz used the construction site as a backdrop to highlight how 38% of his proposal, or more than $1 billion, is for asset preservation to maintain and upgrade properties that taxpayers already own.