Walker Punts On Another State Debt Payment
Walker has, for the second straight time, deferred on making the full debt payment that he had budgeted for. As an added bonus, he is compiling the interest owed on it:
Gov. Scott Walker’s administration has put off a debt payment for the second year in a row — this one totaling $101 million — which will cost taxpayers about $2.3 million in additional interest.
The state was supposed to retire about $132 million in debt on May 1, according to the nonpartisan Legislative Fiscal Bureau. Instead it reduced that amount by $101 million, which will help the state end the current biennium on June 30, 2017, in the black.