Deadline Looms for Debt Restructuring Option in Budget Repair Bill

by | February 28, 2011

Home 9 Uncategorized 9 Deadline Looms for Debt Restructuring Option in Budget Repair Bill ( Page 17 )

Without a Deal Early This Week, Window Will Close for $165 Million Short-term Savings

As a recent Wisconsin Budge Project Blog post noted, one of the relatively easy ways to close the projected $137 million budget shortfall in the 2010-11 fiscal year is to restructure some state debt. That maneuver, which is part of Governor Walker’s recommendations in the “budget repair bill,” would increase interest payments on state debt by $42 million over the next decade, but would save the state $165 million in the current fiscal year. However, a Legislative Fiscal Bureau (LFB) memo has confirmed that the Legislature is rapidly running out of time to accomplish the debt restructuring.

Read more in the blog post Saturday by the Wisconsin Budget Project.

Jon Peacock

Kids Forward
Kids Forward

Join us to build a Wisconsin where every child and family thrives.

Donate Now

Recent

Early Care & Education: Supporting Wisconsin Families During Children’s Early Years

Early Care & Education: Supporting Wisconsin Families During Children’s Early Years

by | Mar 28, 2023

Regardless of race, place, or income, every child in Wisconsin deserves a strong start in life. This early foundation plays a critical role in life-long health and wellness. But systemic racism and poverty destabilizes families and communities and creates unhealthy conditions and barriers that harm children in their early development. This process of destabilization not only prevents children from having a strong start but can persist over the course of their lives.

Mental Health: A Behavioral Health System that Better Supports Counties and Schools

Mental Health: A Behavioral Health System that Better Supports Counties and Schools

by | Mar 27, 2023

Everyone in Wisconsin, regardless of what county they live in, deserves to live in a community that supports their health and wellness, including access to quality, affordable mental health and substance use disorder services. Governor Evers’ proposed budget expands access to behavioral health care, strengthens schools’ abilities to provide mental health supports to students, invests in peer support, and provides millions in funding to county behavioral health services.

Sign up for Emails

Your address helps us identify your legislators and the most relevant messages to send you.