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Governor Tony Evers (D) announced the capital budget is projected to generate over $7 billion in economic activity and 37,000 jobs statewide. He also recommended approximately $4.1 billion in investments in his 2025-27 Capital Budget for the renovation and renewal of the state’s existing infrastructure and to support major projects across Wisconsin, requiring $3.8 billion in new borrowing. The plan includes almost $1.6 billion in projects at Universities of Wisconsin campuses and $325 million at corrections institutions. “We can’t afford to kick the can down the road on key infrastructure projects across our state, most especially as the cost of building materials may only get more expensive with each day of delay due to potential tariff taxes and trade wars,” Gov. Evers said.
Joint Finance Committee co-Chairs Rep. Mark Born (R) and Sen. Howard Marklein (R) promised that Republican lawmakers will put together a “responsible Capital Budget that Wisconsin can afford” while balancing the state’s needs with sound fiscal responsibility.
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