Wisconsin GOP Budget Blueprint Raises Threat of Doyle Veto

Shields, Yvette
June 2003
Bond Buyer;6/18/2003, Vol. 344 Issue 31659, p30
Trade Publication
The Wisconsin Legislature's version of the 2003 two-year budget eliminates governor Jim Doyle's proposal to buy back up to 1.6 billion dollars of tobacco bonds, cuts 245 million dollars from a ten-year stewardship bonding program, and increases the state's structural deficit by 270 million dollars. The budget-writing committee's plan also eliminates a proposed 350 million dollar structural refunding that would have pushed out maturities to give the state more breathing room in the short term. The spending blueprint for the biennial cycle that begins on July 1, 2003 reduces Doyle's transportation revenue bond plans to 342 million dollars down from 1.2 billion dollars, but adds an additional 375 million dollars of general obligation debt for major highway projects.


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