Saturday, January 9, 2021

North Dakota Infrastructure Financing Plans -- January 9, 2021

Link here.

  • both sides of the aisle looking for a $1 - $2 billion bonding package
  • using earning from the state's Legacy Fund to pay for the borrowed money
  • GOP: $1.1 billion
  • Governor: $1.25 billion
  • Dems: $2 billion with a revolving loan fund of $750 million for school construction
  • Legacy Fund: currently at $7.8 billion; expected to earn $500 million over next two years
    • let's see, $1 billion x 5% = $50 million
    • one-fifth of $1 billion = $200 million
    • = $250 million / year = $500 million over next two years

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