ICYMI: Even With Billions in New Borrowing, Transportation Deficit Looms in Scott Walker Budget

Apr 28, 2013

Despite his own rosy predictions, presidential candidate Scott Walker’s proposed budget would lead to a $63.5 million deficit in the state’s transportation fund, according to an analysis by the nonpartisan Legislative Fiscal Bureau.

That’s even after $2.1 billion in new borrowing.

Walker’s predictions did not account for a drop in revenues from decreased fuel consumption, among other things.

Read about the transportation fund deficitĀ here.

“Wisconsin’s economy is in the tank. With fewer jobs and falling wages, it stands to reason that middle class families have less money to buy gas. Apparently Scott Walker chooses not to believe that his economic policies are failing, but the $63.5 million deficit in the transportation fund points directly at the cost of his extreme agenda that he has pursued in his run for president,” Democratic Party of Wisconsin Chair Mike Tate said Monday.