MURSAU: VOTES TO PAY STATE BILLS
“Bill to Pay the Bills” Pays Debt, Funds Schools & Medicaid
State Representative Jeff Mursau (R-Crivitz) sponsored legislation and voted Wednesday to use one-third of unexpected new tax revenue to pay down outstanding debts owed by the State of Wisconsin.
“The State has been running a structural deficit for too long,” Mursau said. “Since previous gubernatorial administrations have not helped encourage substantial rainy day funds, it makes sense to ensure unexpected revenue is used to reduce our overall debt, the same way hardworking people and businesses do.”
In addition to paying down part of Wisconsin’s $3.6 billion deficit, the “Bill to Pay the Bills” will prevent delays in school aid payments and net Wisconsin $23 million in federal Medicaid funds to ensure continued access to health care for our most vulnerable citizens. The last time Wisconsin failed to pay its bills on time, Moody’s lowered Wisconsin’s credit rating, resulting in higher interest rates on both short and long term borrowing costs.
“The new tax revenue is certainly welcome news, but it’s not a blank check for the same old runaway government spending that got us in this place in the first place,” Mursau said. “That’s why we need to pass a biennial budget next week that lives within taxpayer ability-to-pay in the first place.”
The Wisconsin State Assembly is next expected to take up the 2011-13 biennial budget bill on June 14th