JFC approves bringing back WEDC loan program

The Joint Finance Committee signed off on Gov. Scott Walker's plan to bring back WEDC's loan program, but tweaked his proposal to give the agency more flexibility in how it funds the loans.
Walker had proposed only allowing the agency to issue loans that are funded with the repayment of other loans. The committee voted 12-4 to drop that restriction.
The loan program drew fire following a series of reports that questioned if the agency was properly tracking taxpayer money being used to help businesses.
That prompted lawmakers to insert provisions in the current budget that began to phase out th...

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