Vos says budget deal about more than borrowing; other lawmakers unconcerned
MADISON, Wis. — Assembly Speaker Robin Vos says reaching a deal on a Wisconsin state budget impasse is about more than just lowering the amount of borrowing.
Vos said Tuesday that the position of Assembly Republicans calling for revenue increases to pay for borrowing remains unchanged. He spoke after Senate Majority Leader Scott Fitzgerald said GOP senators were working to reduce borrowing below $750 million.
But Vos says without a way to pay for whatever borrowing is proposed, Assembly Republicans will not support the plan. He says the simplest solution would be to have a “little bit” of borrowing with a “little bit” of tax or fee increases to pay for it.
The dispute over how to plug a nearly $1 billion road-funding gap is holding up passage of the entire Wisconsin state budget.
Lawmakers unconcerned about bad budget news
Sen. Alberta Darling and Rep. John Nygren are co-chairs of the Legislature’s budget-writing Joint Finance Committee. They said Tuesday they expect the loss to Wisconsin to be temporary “as more and more companies are taxed out of Illinois.”
And Assembly Majority Leader Jim Steineke says, “We’ll make that up thanks to the influx of businesses and people moving” from Illinois to Wisconsin.
The estimated loss is caused by increased payments the state will have to make to Illinois under an income tax reciprocity deal and higher tax credits people who live in Wisconsin but work in Illinois will claim.
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