Report: Wisconsin's debt is lowest in at least 25 years Adjusted for inflation, the state's debt level...

[riversedge]

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Report: Wisconsin’s debt is lowest in at least 25 years

Adjusted for inflation, the state's debt level is the lowest it's been in a quarter century
https://www.wpr.org/news/report-wisconsin-policy-forum-debt-lowest-in-25-years



By Robert D'Andrea April 19, 2024



The state of Wisconsin’s debt has continued to fall from its height during the Great Recession, and when adjusted for inflation is lower than at any point in at least 25 years. That’s according to a new report from the Wisconsin Policy Forum.

The reduction in debt could allow the state to borrow money to fund infrastructure projects like roads, bridges and buildings. It also helps the state improve its credit rating so it can borrow at lower interest rates.

“That’s a really positive thing for everybody that relies on the state to serve them in one way or another,” said Jason Stein, the forum’s research director.
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The share of the state’s main tax revenue going to debt payments fell below 2.7 percent in both 2021 and 2022, its smallest share since 1984 excluding years when the state skipped making debt payments because of budget challenges. The state has long sought to keep annual debt payments lower than 4 percent........................

[AllyCat]

1. Great news. That means we can pay our teachers

And accept federal funding for Badgercare, right? That would make things even better.