Budget deal which would include $400M in transportation borrowing is in the works
Posted: Aug 22, 2017 3:53 PM CDT
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WISCONSIN (CBS 58) - Governor Scott Walker said the overdue state budget will move through the legislature with the Foxconn Incentives bill.
Walker said that he and Republicans have reached a deal "in principle" over transportation funding to end the impasse. The deal does not include any gas tax or vehicle registration fee increases but it would impose a new fee on electric vehicles and $400m in borrowing to pay for roads.
Walker also says there will be a reduction in the personal property tax. He adds that the tentative deal should be approved by the legislature's Budget Committee sometime in the next two weeks.
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