Monday, June 13, 2016

Walker Mismanagement/Ineptitude Continues

Highway project delays rack up $700 million cost overruns
While some of these increases come from faulty cost estimates or unavoidable inflation, the new figures underline the obvious: Delays can be costly for Wisconsin taxpayers. When projects are paused because of financial challenges in the state's road fund, the price of materials, labor and real estate can rise... 
The four major highway projects were each delayed for one year because last summer Gov. Scott Walker and GOP lawmakers couldn't settle on an approach to paying for them... 
Refusing to back increases to the gasoline tax or vehicle registration fees last year, Walker settled on bonding as the solution to the state's transportation funding woes, asking $1.3 billion in borrowing to fund the state's transportation projects while freezing state borrowing for most other needs.

Republican legislators pushed back, ultimately lowering the borrowing to $850 million. 
"He'll say that he hasn't increased taxes, but he's certainly pushed the cost of these projects onto the state credit card, and it's going to cost people a lot more," said Sen. Tim Carpenter (D-Milwaukee), a member of the Transportation Projects Commission. "Whoever comes in after him is going to have a complete mess on their hands."

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