Washington and Scott Walker keep borrowing for roads
The Wisconsin Legislature’s budget committee is punting this week, too. It was scheduled to take up the governor’s road budget but now plans to wait. If it can’t find more revenue, the committee may resort to delaying projects, including the reconstruction of Verona Road southwest of Madison’s Beltline. That could snarl traffic for years.
Gov. Scott Walker wants to borrow a record $1.3 billion for roads over the next two years. That’s about 18 percent of the state’s total transportation budget.
The governor has dismissed attempts to raise user fees. He has opposed a higher gas tax, which his own Department of Transportation secretary proposed last fall. He has opposed a higher vehicle registration fee, which top Republican lawmakers have floated.
What does Gov. Walker favor? More borrowing.
It’s irresponsible and needs to stop.
State debt payments for road building are eating up more transportation revenue each year, increasing from 7 percent in 1999 to nearly 20 percent today, according to the Legislative Fiscal Bureau. Walker’s proposed budget would push that even higher.
Interest rates are low, making borrowing less expensive, the Walker administration contends. And Wisconsin’s 31-cents-per-gallon gas tax is higher than average.
But interest rates won’t stay low forever. And lagging revenue will increase pressure to borrow in future budgets, when rates are higher.
The state gas tax also forces out-of-state tourists to pay more for Wisconsin roads. And that allows Wisconsin to keep its vehicle registration fee low for residents.
Something has to give in the short term so Wisconsin pays more of its bills. And in the long run, a sustainable source of revenue is needed for roads that reflects the growing popularity of cars that run on batteries or alternative fuels.
Assembly Speaker Robin Vos, R-Rochester, has responsibly floated a fee for miles driven. Walker won’t embraced that idea, either.
About the closest the governor came to a solution was his suggestion last fall to the State Journal editorial board that the state gas tax be replaced with a sales tax on gas and alternative vehicle fuel sources. That might help. But he hasn’t formally proposed the idea.
So Wisconsin keeps borrowing. Just like Washington, D.C.