ST. PAUL, Minn. –The Minnesota state government recently has borrowed nearly $900 million in bonds at interest rates under 2%, thanks to the state’s AAA credit rating among investors. There is no higher credit rating. State budget chief Jim Schowalter said investors were impressed at how nimbly the state government responded to Covid pandemic challenges. The bonds pay for construction and repeats of the state infrastructure, higher education facilities, and economic and redevelopment projects.
