Road Borrowing Low on Walker’s Next Budget
The state faces a $940 million shortfall
Governor Scott Walker says he’ll keep borrowing for road projects low in the next state budget.
The state faces a $940 million shortfall to pay for road projects already approved. Walker has directed his Department of Transportation to deliver a budget that identifies cost savings, prioritizes needs and doesn’t raise taxes and fees, a move that will delay expansion work and upkeep on all but the state’s most-traveled roads.
The agency is due to give its 2017-19 budget request to Walker on Thursday.
The governor issued a news release Tuesday promising to keep transportation borrowing low in the next budget; he did not elaborate.
Walker proposed borrowing $1.3 billion for roads in the 2015-17 budget. Legislators walked that back to $850 million.