Evers proposes $3.8 billion capital budget

Note: This item was updated March 1 with additional details and comment from the Joint Finance Committee's co-chairs.

Gov. Tony Evers proposing a $3.8 billion capital budget that would finance half of the projects with cash instead of borrowing.

Evers' office estimated the move -- using a portion of the state's projected $7.1 billion surplus at the end of this fiscal year June 30 -- would save $1 billion in debt payments over the 20 years that building projects are normally financed using bonds.

"Our historic surplus means we have historic opportunity and responsibility -- to invest...

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