Minnesota Gov. Pushes Transit Plan

Shields, Yvette
December 2004
Bond Buyer;12/29/2004, Vol. 350 Issue 32039, p1
Trade Publication
The article reports that Minnesota governor Tim Pawlenty has unveiled an ambitious 10-year, $7.15 billion transportation program that relies on $4.5 billion in borrowing to pay for new highways, local road construction, and transit projects. The plan so far has proved a hard sell with legislative opponents. To pay for the program, known as "Building More, Building Easter, Moving Better," the state would, over a 10-year period, divert $2.65 billion generated by its motor vehicle sales tax that now flows to the general fund. It would raise another $4.5 billion through the issuance of trunk highway bonds to accelerate proposed highway construction projects.


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