Oct 17, 201711:12 AMTransportation Matters
with Debby Jackson
Punting on transportation funding leads state down rough road
(page 2 of 2)
There were three bright spots in an otherwise dismal transportation budget. First, local governments received an increase in state aid for local roads and bridges. There is a long way to go, but this began to reverse a trend of forcing more costs on to the locals. Second, for the first time in years, we did not issue more new debt than we can afford. Third, the often-delayed stretch of I-94 in Racine County will finally get moving again as part of the separate Foxconn legislation. The project will be funded with about $250 million in new bonds with the debt service paid out of the state’s general fund.
The Foxconn package made one point crystal clear for anybody who had missed it: Access to a high-functioning freeway system is a necessity, not a want. Without that part of the package there’s no Foxconn.
Fortunately, the legislature figured out a way to get that done. What should be even clearer is that we need a Foxconn-like treatment for our existing businesses in Wisconsin. They deserve far better than what they just got in the transportation budget.
We all do.
Click here to sign up for the free IB ezine — your twice-weekly resource for local business news, analysis, voices, and the names you need to know. If you are not already a subscriber to In Business magazine, be sure to sign up for our monthly print edition here.