- About Blogging Blue
- Current Contributors
- Past Contributors
- Support Blogging Blue
- Contact Blogging Blue
In yet another example of how Gov. Scott Walker wants to kick the can down the road when it comes to Wisconsin’s finances, the Walker administration announced their plan to delay repayment of state debt in order to balance the state’s budget deficit.
The Walker administration plans to delay the repayment of state debt to balance the budget, a move that will lead to higher interest costs for state government down the road.
Walker has been quiet about how he plans to fill a shortfall in the budget that ends June 30, saying he believes his administration can handle it internally. A memo from the nonpartisan Legislative Fiscal Bureau shows that part of the way the governor would do that is by delaying the repayment of $108 million in state debt this fiscal year.
According to the nonpartisan Legislative Fiscal Bureau, Gov. Walker’s decision to delay repayment of state debt will cost the state at least $1.1 million in extra interest payments in the next budget alone, with the total amount of the extra interest payments after that yet to be determined.
In other words, Gov. Scott Walker wants taxpayers to pay more out of their pockets down the road simply so he can avoid making tough decisions on how to balance the budget deficit he created.
- Wisconsin GOP Honors The Memory of Merrick Garland! on
- Where Can I Buy A Smocking Gun? on
- Defense Contractor Abandons Milwaukee for the Falls! on
- Governor-elect understands Milwaukee is a part of Wisconsin, not apart from it on
- Did The President Issue A Pearl Harbor Tweet And I Missed It? on
- The Lame Duck Legislation As Passed: on
- And The Wisconsin GOP Couldn’t Keep The One Promise That Everyone Agreed With: on
- Let Your State Legislator and State Senator Where You Stand On Their Lame Duck Session on