City Council approves capital budget - WKOW 27: Madison, WI Breaking News, Weather and Sports

City Council approves capital budget

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MADISON (WKOW)-- The Madison City Council approved a $192.1 million capital budget for 2013.

On Wednesday, they will consider more funding for the Overture Center, and other changes to Mayor Soglin's proposed budget.

The Wisconsin State Journal says the council voted unanimously to approve the budget, which reduces overall spending 2.3 percent, and drops borrowing down, 3.4 percent to $91.4 million.

Wednesday's meeting on the Overture Center will focus on its funding. In Mayor Soglin's initial operating budget proposal, he dropped funding considerably. He is now offering $500,000 more, increasing the budget to $1.35 million. The Wisconsin State Journal says the mayor's package also drops the proposed bus fare increase, although Soglin says he may introduce it for the 2014 budget.

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