Gov. Walz to unveil infrastructure proposal for 2024 session

On Tuesday, Governor Tim Walz will unveil his infrastructure funding proposal for the 2024 legislative session that begins in just under a month

ST. PAUL, Minn. (KVRR/KFGO) – On Tuesday, Governor Tim Walz will unveil his infrastructure funding proposal for the 2024 legislative session that begins in just under a month.

The governor could propose to pay for infrastructure projects either with traditional bonding, where the state borrows the money, or by using part of the budget surplus, or a combination of the two.

The surplus is forecast at 2.4 billion dollars, but any spent now might contribute to a budget deficit in 2026-27.

Democrats need Republicans’ help to pass a bonding or borrowing bill — and it’s one of the few negotiating “levers” G-O-P lawmakers have with a D-F-L “trifecta.”

Some Democratic lawmakers have been tossing around figures of one-and-a-half billion dollars for an infrastructure package using bonding plus part of the projected surplus.