WI Debt Load for Road Construction Rises
(AP) – State borrowing for road building would continue to rise under Governor Scott Walker’s latest budget proposal.
It’s a trend that has industry leaders wondering if some transportation projects will be scrapped in order to hold down debt.
Nearly 20 cents of every state dollar in Wisconsin’s road fund will be used to pay off highway loans this year.
That number would climb even higher if Walker’s $1.3 billion in proposed transportation borrowing is approved.
Wisconsin Transportation Builders Association Executive Director Pat Goss said his group believes it’s unacceptable to keep issuing highway bonds without a stream of money to repay them.
Assembly Speaker Robin Vos told the Journal Sentinel, new borrowing would help the state get by for two years, but leave the financial challenge even harder to solve in the long run.