MONDAY HOT READ: BEHOLD WHAT MADISON HATH WROUGHT
Later this morning, Governor Jim Doyle will sign the 2009-2011 State Budget. While he is sure to issue a few vetoes, the bulk of this secretly-crafted, ill-conceived document will become law. We do not expect the Governor will dramatically reduce the spending (a $4 billion increase), the borrowing (a $2.9 billion increase), the taxing ($2.1 billion in this document, with room for property taxes to increase an additional $1.5 billion) or the structural deficit ($2.3 billion).
All the ugly details are here...