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Bonding bill coming to House floor today

After weeks of a stalemate and behind-the-scenes negotiations, a bonding bill looks poised to hit the House floor at the Capitol today.
Gov. Tim Pawlenty’s original proposal for capital improvements around the state totaled $965 million, but he revised that to $825 million after the state’s budget forecast predicted a $935 million shortfall. In early March, the Senate passed a bonding bill at $965 million, and the House version stood at $960 million.

Everyone agreed those figures had to come down to avoid a Pawlenty veto. On Tuesday, a House and Senate conference committee agreed to an “Omnibus Capital Investment Bill” that calls for $925 million in general obligation bonds—a lower figure, to be sure, but still $100 million above what the governor and many House Republicans want.

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