The budget has been released, and the big transportation news is that the Governor is proposing to increase highway spending by 14.7%. The money comes from a number of sources including:
- Issuing $115 million in general fund supported bonds.
- Removing transit from the transportation fund.
- Redirecting 7.5% of sales tax revenue from automobile-related sales in FY 2012-13, 10% in FY 2013-14, and increase beyond that by 5% every year until the total reaches 50%.
- Other motor-vehicle related fees will be deposited directly into the transportation fund.
One of the stated goals is to strengthen the relationship between user fees and transportation spending.
Governor Walker’s proposed 2011-2013 budget
[pg 36 has overview, more details on pg. 75]
I reuped: http://madisonamps.org/2011/02/20/the-other-shoe-or-will-you-be-marching-in-march/walker-budget/
link to budget isn’t working – post again?
Link to budget fixed (WKOW took it down)