Bookmark and Share Email this page Email Print this page Print Pin It
Feed Feed

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.

Oct 17, 2017 03:50 pm
 Posted by  Anonymous

Unfortunately the Foxconn deal given the way it is structured means a very lean budget the next cycle or two so don't expect solutions to the road budget (or other major issues) any time soon!
My guess is major tax breaks at the federal level will also reduce those resources.

Add your comment:
Bookmark and Share Email this page Email Print this page Print Pin It
Feed Feed
Edit Module

About This Blog

 Debby Jackson assumed the role of executive director of the Transportation Development Association of Wisconsin after more than 15 years with the organization. In addition to her vast experience in association management and transportation advocacy, Jackson has a background in business. She leverages the breadth and depth of her professional experience, along with her knowledge of the membership and mission of TDA, to be a strong voice for robust transportation infrastructure in Wisconsin. Jackson started her career as a staff auditor with Price Waterhouse, which led to a series of accounting and corporate management positions with a major national retailer.

Recent Posts

Archives

Feed

Atom Feed Subscribe to the Transportation Matters Feed »

Edit Module