Wednesday, January 11, 2006

GOVERNOR RAIDS SEGREGATED FUNDS OF $800 MILLION


March 15, 2005
Doyle’s Budget Riddled With Fund Raids
Joint Finance Committee co-chairs identify more than $800 million in transfers

[MADISON, Wisc.…] The co-chairmen of the legislature’s Joint Committee on Finance today announced that recent analysis of Governor Jim Doyle’s budget proposal by the Legislative Fiscal Bureau shows more than $800 million in raids from segregated state funds. “The more we examine the governor’s proposal, the worse it looks. Taking segregated funds to pay for new spending is bad budgeting and further reason why the Joint Committee on Finance is going to build its own budget from the ground up, rather than relying on Governor Doyle’s plan as our starting point,” said Senator Scott Fitzgerald (R – Juneau). In addition to the raids on the transportation fund, the Patients Compensation Fund and other segregated funding sources, Doyle’s budget plan increases taxes and fees by more than $300 million and would leave the state with a structural budget deficit of $1.8 billion in the 2007-2009 budget biennium. “The governor is playing a political shell game with fund transfers in an attempt to validate a budget busting at the seams with new spending,” said Representative Dean Kaufert (R-Neenah). “Instead of sending the Joint Finance Committee a legitimate budget proposal, Governor Doyle has balanced his budget with backhanded measures like stealing $180 million from the Patients Compensation Fund. Our state deserves better.” The Joint Committee on Finance is currently hearing public testimony on the governor’s budget proposal at meetings throughout Wisconsin.

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