Dive Brief:
- Contractors in Minnesota likely are cheered by Gov. Mark Dayton, who says he may submit a borrowing plan to finance $975 million in state construction projects.
- An upgrade to the State Capitol is in the list, and state prisons and treatment centers for sex offenders need work, as well.
- Dayton will need a bipartisan three-fifths vote in the legislature to get a borrowing bill approved.
Dive Insight:
There is traditionally a psychological barrier at the $1 billion point, and Dayton's plan nudges up toward that. Even his plan, however, is well below the $2.4 billion in construction requests that government agencies submitted to the legislature. Dayton has been meeting with lawmakers before issuing his plan.