Walker Releases Wisconsin Budget Proposal
Wisconsin Governor Walker has also released the 2011-2013 Capital Budget. The Capital Budget funds the construction and maintenance of state buildings; which Walker says is aimed at helping to create and sustain jobs. The total funding for the Capital Budget is $1.1 billion.
Walker says his Budget “aggressively uses the funds available to us to maintain state buildings, plan for growth, and most importantly create jobs.”
The Governor’s Capital Budget will have a significant positive economic impact for the state. It is estimated that each $100 million of construction spending adds $340 million to the economy and creates or sustains 2,850 jobs. In total, the 2011-2013 recommendations would generate $3.7 billion in economic activity and create or sustain approximately 31,000 jobs.
Highlights of the Capital Budget include:
$50 million for University of Wisconsin-Milwaukee
$44 million for an education building at University of Wisconsin-Eau Claire
$38.5 million for University of Wisconsin-Madison West Campus Expansion
$67 million for University of Wisconsin-Madison Institute for Medical Research