• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / News / Avoiding short term budget solutions

Avoiding short term budget solutions

March 31, 2008 By WRN Contributor

State budget repairs being negotiated at the Capitol are likely to rely on short-term solutions.

Three plans have been introduced so far to close the state's $527 million budget deficit, with both chambers of the Legislature and the Governor offering a variety of fund transfers, new bonding, and borrowing. Wisconsin Taxpayers Alliance President Todd Berry says all of those solutions just push off economic problems for another year.

With several solutions shared between the packages, Berry expects many of them to make it into an eventual compromise budget repair bill. However, he warns that just puts the state in a worse financial position during the next budget cycle.

Of the many solutions being offered, Berry understands the need to borrow from state reserves to pay down the deficit. He says they exist for that purpose. However, lawmakers need to find ways to replenish those funds so they exist to face future economic shortfalls.

Those problems could be coming sooner than expected as well. Berry says Wisconsin could face a structural deficit of over $800 million by 2009.

AUDIO: Andrew Beckett reports (MP3 1:10)

Share this:

  • Facebook
  • Twitter

Filed Under: News



Featured Stories

Baseball suspends Cubs reliever for throwing at Brewers Woodruff (AUDIO)

Badger women’s soccer advances to Big Ten title game

Wisconsin volleyball advances to eighth-straight NCAA Sweet 16

Brewers place Cain on injured list

Davison to return to Badgers next season

TwitterFacebook

Sports Headlines

Baseball suspends Cubs reliever for throwing at Brewers Woodruff (AUDIO)

Badger women’s soccer advances to Big Ten title game

Wisconsin volleyball advances to eighth-straight NCAA Sweet 16

Brewers place Cain on injured list

Davison to return to Badgers next season

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2021 · Learfield News & Ag, LLC