Join   |   Contact Us   |   Sign In
Community Search
Legislative Updates
Blog Home All Blogs
Search all posts for:   

 

View all (53) posts »
 

Legislative Update: April 8, 2019

Posted By Administration, Monday, April 8, 2019
Omnibus bills have been assembled and are beginning to make their way through the House and Senate finance committees. The House omnibus jobs bill was heard in the Ways and Means Committee this morning (Monday, April 8) and the Senate omnibus jobs bill is scheduled to be heard in the Senate Jobs committee today (Monday April, 8) and then be heard in Finance later this week.

On the House side, the Minnesota Investment Fund and Job Creation Fund are both funded at levels lower than those requested by EDAM and supported by a variety of other organizations interested in DEED program funding.

MIF and JCF were both funded at $5.5 million per year for each year of the 2020-2021 biennium. These numbers where then increased slightly up to $6.9 million for MIF and $6.77 for JCF during the markup of the House omnibus bill.  The request level had been $10.5 million per year for each of the programs for a total of $21 million per program.

Even more disappointing is the fact that the House spreadsheet does not indicate a line-item for the Redevelopment Fund.  This had been the lead talking point for meetings with key legislators and testimony before the House and Senate Jobs Finance Committees.  The lack of a specific line-item for redevelopment funding will limit the state and local response to redevelopment opportunities where buildings or worn-out infrastructure needs to be removed or replaced.  

Things are a little better on the Senate side, with Chair Pratt including MIF funding at $12.5 million per year and JCF funding at $8 million per year. The Senate bill also includes no funding for the Redevelopment fund, but does allow DEED to transfer money from the MIF account to the Redevelopment Fund.  

This post has not been tagged.

Share |
Permalink | Comments (0)
 
Membership Management Software Powered by YourMembership  ::  Legal