DOT proposes funding roads with cuts, borrowing

Pile of money
Photo courtesy: My wallet

MADISON, Wis. (AP) – Gov. Scott Walker’s administration plans to solve a shortfall in road funding by making cuts, delaying major projects and borrowing $500 million.

The Milwaukee Journal Sentinel reports (http://bit.ly/2cxD7lk ) that the state Department of Transportation has developed a budget proposal that would cut $447.4 million from state highway programs but provide nearly $70 million more for maintenance and $65 million more for local governments.

The budget also would authorize $500 million in new borrowing but result in significant delays for some major projects, including Milwaukee’s Zoo Interchange and reconstructing Interstate 94 south of Milwaukee.

The Legislative Fiscal Bureau has estimated that just to pay for road projects already approved the state would need $939 million more. Walker has refused to raise taxes or fees to cover the shortfall.

(Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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