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You are here: Home / Legislature / Using "accounting tricks" to balance the budget

Using "accounting tricks" to balance the budget

June 9, 2009 By WRN Contributor

The Joint Finance Committee is expected to act Tuesday on a measure designed to help the state end the fiscal year in the black.

The bill would fund June school aid payments with $291 million from the federal American Recovery and Reinvestment Act. Republican state Representative Robin Vos (R-Racine) says Democrats are using one-time money to fix the problem, and taxpayers should be worried about the long term impacts of such plans.

The federal money would replace a payment from the state's general fund. The governor has warned lawmakers that failing to act on the measure could result in the state ending the year with a $200 million. Vos says Democrats are using "accounting tricks" to close that hole.

Vos says those tricks only make matters worse in the long run, when lawmakers have to find another way to pay for them.

Officials say the Legislature must pass the bill by noon on Wednesday, to make sure the payments can go through. 

AUDIO: Andrew Beckett reports (MP3 1:19)

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Filed Under: Legislature



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