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Projections: Repaying State Debt To Take Larger Share Of Revenue

Officials Say Debt Payments Will Total 4.5 Percent Of Income By 2012

Updated: 6:53 am CDT June 22, 2009

Repaying the state's debt will take a greater share of Wisconsin's revenue in the coming years.

By 2012, the annual payments on state debt will likely consume at least 4.5 percent of the state's total income from taxes and fees, according to projections by the Legislature's and Democratic Gov. Jim Doyle's budget offices.

State officials have long considered a 4 percent threshold to be a reasonable limit.

Payments on debt would rise from $487 million in 2011 to $650 million in 2012 -- an increase of 33 percent.

Todd Berry, president of the Wisconsin Taxpayers Alliance, said the state has been pushing the borrowing and debt envelope because it hasn't come to grips with its budget problems.

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