January 7, 2005
Schultz Supports Bond Refinancing Proposal But GOP Senators Want Savings Put Toward Medicaid
(Madison) Senate Majority Leader Dale Schultz (R-Richland Center) announced today the State Senate plans to take up Governor Doyle’s proposal to refinance the state’s debt, and he predicts it will pass. However, Schultz said the Republican controlled Senate would insist the savings be applied to the state’s Medicaid deficit.
“While we’re pleased the Governor is working on cost savings, Republican Senators want to make sure the dollars saved are applied to existing programs in need,” Schultz said. “Whenever you have a chance to realize $11 million dollars in savings, the prudent thing is to apply those dollars toward Wisconsin’s looming Medicaid deficit,” Schultz said.
Schultz said the state is facing an approximate $225 million deficit in Medicaid funding at the end of the fiscal year.
Schultz applauded the leadership of Speaker Gard, and he looks forward to working with the Assembly to effect savings while making sure the monies are applied toward the state’s budget.