Free Webinar: Minnesota’s Capital Investment Process—What Cities Should Know about Bonding

May 2—1-2 p.m.

—REGISTER NOW

Has your city been hoping to have a project funded with state bonds?

The capital budget process begins in odd-numbered years with the collection of requests from state agencies and local units of government. However, these requests consistently outpace available resources. In the 2014 capital budget cycle, Minnesota Management & Budget (MMB) received $2.9 billion in requests, while the enacted bonding bill totaled $1.1 million. In 2016 requests grew to nearly $4 billion.

With such competitive demand for funding, it’s important for city officials to be able to answer the question: How can my city ensure our state bonding requests are complete, correct, and compelling?

During this webinar, you’ll learn about the constitutional and statutory requirements that must be met before submitting an application to be considered for possible inclusion in the governor’s bonding bill. Gain helpful information you can use if your city is considering participating in the 2018 bonding process, or will be seeking funding on future bonding bills, including how to submit requests, what information is needed and when, and how projects are evaluated by decision-makers.

You’ll also hear from Joel Young, the city clerk of Chatfield, as he describes the time, resources, partnerships, and advocacy involved in getting funding for the Chatfield Performing Arts Center.

Participate in this live webinar to:

  • Learn how to request funding for local capital projects
  • Understand the legal requirements around the bonding process
  • Learn about timelines and due dates for the capital budget
  • Discover resources available to help local governments
  • Hear how the City of Chatfield successfully funded a project
  • Have an opportunity to ask questions (Submit your questions to lmcwebinar@lmc.org)

More resources:
Find out more about the capital investment process, including instructions, project requests, and the governor’s recommendations at https://mn.gov/mmb/budget/capital-budget/

Tips for Submitting Bonding Requests

Presenters

  • Liz Connor, Capital Budget Coordinator, Minnesota Management & Budget
  • Joel Young, City Clerk, City of Chatfield

Who should attend: Mayors, councilmembers, administrators, managers, clerks, and finance directors

Fee: Free

Date/Time: May 2, 1-2 p.m.

You will be participating via the internet using GoToWebinar. An email confirmation with instructions to join the session will be sent after registration is completed.