St. Paul, MN - Yesterday, Minnesota House DFL leaders and legislators released the framework and targets for their budget proposal. The budget prioritizes assisting those impacted by COVID-19, and includes significant investments in education, working Minnesotans, small businesses, affordable health care, and capital investments. State Representative Fue Lee (DFL - Minneapolis), chair of the House Capital Investment Committee, released the following statement:
“The progressive, sustainable investments proposed by the House DFL will deliver the necessary tools and resources to help Minnesotans not only bounce back after this pandemic, but thrive. This budget framework, along with the state’s AAA bond rating and historically low interest rates, sets us up to robustly invest in communities and create jobs throughout Minnesota. With a focus on affordable housing, climate-conscious infrastructure, and equity-centered projects, the House Capital Investment Committee will use these targets to ensure all Minnesotans, regardless of their race, region, or economic standing, can benefit from this capital investment bill.”
House DFL Committee Targets
- Education: $20.810 billion. $721.7 million increase from base
- Early Childhood: $715.785 million. $50 million increase from base
- Higher Education: $3.526 billion. $120 million increase from base
- Housing: $145.596 million. $30 million increase from base
- Workforce & Business Development: $285.322 million. $56.992 million increase from base
- Labor, Industry, Veterans & Military Affairs: $245.645 million. $21.935 million increase from base
- Industrial Education & Economic Development: $65.868 million. $60 million increase from base
- Health & Human Services: $16.247 billion. $323 million increase from base.
- Agriculture: $138.820 million. $11.574 million increase from base
- Environment: $372.663 million. $40.675 million increase from base
- Public Safety: $1.574 billion. $71.069 million increase from base
- Judiciary: $1.084 billion. $49.009 million increase from base
- Climate & Energy: $29.846 million. $5.5 million increase from base
- Transportation: $289.164 million. $39.612 million increase from base
- State Government: $994.663 million. $35.456 million increase from base
- Capital Investment: $1.653 billion. $73.573 million increase from base
- Commerce: $45.024 million. $1.3 million increase from base
- Tax Aids & Credits: $4.164 billion. $0 change from base