Deadline Looms for Debt Restructuring Option in Budget Repair Bill

by Kids Forward | February 28, 2011

Home 9 Uncategorized 9 Deadline Looms for Debt Restructuring Option in Budget Repair Bill

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

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

Donate Now

Recent

Wisconsin’s Surplus Deal Didn’t Pass the Test

Wisconsin’s Surplus Deal Didn’t Pass the Test

by | May 20, 2026

We applaud the legislators who put Wisconsin families over politics Last week the Governor’s problematic surplus deal was blocked in the Senate. This deal represents more than just a partisan disagreement about schools and taxes. At its core, this disagreement demands...

Sign up for Emails

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