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Introduction
Highlights
Revenues
Local Property Tax Aids and Credits
Functions of State Government
State Debt and Capital Expenditures
Statistics and tables
About the Fiscal Review
Senate Counsel & Research home page
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State Debt and Capital Expenditures
The 1998 Legislature adopted a Capital Budget
Bill totaling approximately $1 billion and chose to
pay cash for approximately $500 million worth of
projects. Notable projects include:
$87.1 million for the expansion of the Minneapolis
Convention Center.
$65 million for a loan to the city of St. Paul to
demolish the existing RiverCentre Arena, and to
design, construct, furnish, and equip a new
arena;
$206.8 million for the construction and repair of
facilities at University of Minnesota campuses
and agricultural experiment stations. (This total
consists of $138.3 million in projects bonded by
the state and $68.5 million in projects bonded by
the University.);
$143.1 million for the construction and repair of
facilities at state universities, community
colleges, and technical colleges statewide;
$10.8 million for recreation and community center
grants statewide;
$30 million for flood hazard mitigation grants;
$40.4 million for the improvement of parks, trails,
and recreation areas statewide; and
$40 million for the construction of light rail transit
from downtown Minneapolis through the
Minneapolis-St. Paul International Airport and
ending in southern Hennepin or northern Dakota
county.
The following table delineates project amounts
for bond authorization and direct appropriations.
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