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Bonding Bill Posted

Governor Dayton insisted on $500 million in bonding to end the Shutdown (borrowing with, we are told, about 10% in debt service). Here is the summary of the bonding bill.

Stephen Moore from the Wall Street Journal on Shutdown

Stephen Moore thinks that the Republicans in Congress could learn a lesson from the GOP leadership here in Minnesota. Here is his conclusion:

Republicans did agree to new revenues through bonding tobacco settlement money and shifting education payments — an accounting trick to create the fiction of savings. They also may have to agree to drop policy riders on abortion and other issues unrelated to money.

Still, it’s a big victory for House Speaker Kurt Zellers and Senate Majority Leader Amy Koch, who led the fight. It’s also a win for Minnesotans, who won’t face new taxes or unsustainable spending. Republicans remained committed to the principles that won them legislative majorities in November for the first time in more than two decades. Let’s hope lawmakers in Washington were watching.

 

The St. Paul Solution appeared in WSJ’s political diary. Moore is not the only observer to note the similarity between President Obama and Governor Dayton.

2011 Special Session Bills: Update

(Late Update-Education Billpassed; funding for “jobs” and housing also passed; energy and environment passed)

The Legislature met in special session today, starting at 3pm. You can look at the bills they will consider through the following links. Not all bills are yet published.

The Senate: http://www.senate.leg.state.mn​.us/2011_first_special_session​_bills/index.php

The House: http://www.house.leg.state.mn.​us/ss2011/

We are expecting a trickle and then a flood. Stay tuned.

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