Selling of state property given green light

No current inventory of what the state owns
Selling of state property given green light

The Legislature’s Republican-controlled budget committee has approved Gov. Scott Walker’s proposal to allow for the sale of public properties including power plants, prisons, University of Wisconsin dormitories and highways.

The Joint Finance Committee on Tuesday altered Walker’s original plan so that any proposed sale would have to be approved by the committee. It also voted to disallow the sale of any state-owned property that is at least 50 percent funded from federal funds or from gifts or grants.

The proposal adopted is similar to Walker’s in that it would not require a competitive bidding process, but it would call for at least one estimate of value by a private assessor and a cost benefit analysis.

Democrats objected, saying no-bid contracts should not be allowed to sell public property.