Fully modernizing a nearly 3-mile stretch of Interstate 94 in Milwaukee County will cost as much as $1.2 billion, according to a report released Wednesday by the nonpartisan Legislative Fiscal Bureau.
Published: May 17, 2013
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Gov. Scott Walker’s proposal to allow the sale of state utility plants to pay off transportation debt might not even be able to generate enough money to pay off the debt on the plants themselves.
New projections show Wisconsin’s transportation budget is spiraling toward a $63.5 million deficit by mid-2015, leaving lawmakers groping for how to pay for building and repairing roads across the state over the next two years.
The fine print proves state government is not stealing millions of dollars from nonprofit organizations.
Lawmakers are trying again to pass a bill that would strengthen the tax exemption for construction materials used in city, school and nonprofit group projects.
The Legislature’s budget committee has approved an additional $9.3 million for the Department of Corrections because prison populations haven’t declined as expected.
The average Wisconsin taxpayer would save $83 under Gov. Scott Walker’s proposed income tax cut.
If the country goes over the so-called “fiscal cliff” in January, it could mean a loss of several hundreds of millions of dollars in tax revenue to Wisconsin and force Gov. Scott Walker to propose a more austere state budget than he hoped.
Republican Gov. Scott Walker’s administration said Thursday that its new revenue projections show the state will finish the 2011-2013 budget years with a surplus rather than the deficit predicted earlier this year.
The latest state budget analysis in Wisconsin may have dashed hopes for a compromise on venture capital legislation this floor session.