Doyle: Budget delay could move state into the red this summer
Gov. Jim Doyle today urged legislators to finalize a budget repair bill soon, noting that new Dept. of Administration figures show the state moving into a negative balance this summer without a bill.
DOA Secretary Michael Morgan issued the quarterly general fund letter this afternoon, writing, "Failure to reach a compromise on the budget adjustment legislation will result in a cash deficit in the general fund that exceed allowable levels by August 2008."
See the letter: http://www.wispolitics.com/1006/080501_DOA_general_fund.pdf
The governor will meet tonight with legislative leaders about repairing the state's budget shortfall. While he said he did not know whether a deal would emerge tonight, he added that excessive delays could force the state to prorate payments to municipalities, school districts, and providers.
"The choices aren't going to get any easier if you wait around, you know, day after day and week after week, so it's time to get this done," Doyle said.
Listen to Doyle's comments: http://www.wispolitics.com/1006/080501_Doyle_budget.mp3
Labels: Budget_Repair_Bill
