Wisconsin lawmakers debate use for $35M surplus - WKOW 27: Madison, WI Breaking News, Weather and Sports

Wisconsin lawmakers debate use for $35M surplus

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MADISON (WKOW) -- The debate is on in the state Capitol for how Wisconsin should use $35 million in surplus economic development-related funds.

According to a Wisconsin State Journal report, the surplus comes from $18.4 million in excess revenues from the Wisconsin Economic Development Corporation and $17 million from a tax on businesses.

The Legislature could use the surplus to cut taxes, pay for new jobs programs or reduce state debt. Lawmakers also could opt to simply keep the money in the state's general fund.

Republicans who control the Legislature say they're discussing what to do with the money. Minority Democrats say the GOP should spend the surplus on worker training programs that employers and technical colleges want.

The finance committee is expected to consider a WEDC request to release another $44.7 million for the agency on Wednesday.

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