Madison, Wisconsin (WKOW) - Governor Scott Walker is calling a special meeting of the Wisconsin Economic Development Corporation board to discuss the problems found in an audit of the agency.
He wants the board to meet before the Joint Legislative Audit Committee holds a public hearing on the matter this Thursday (05/09). Thursday is also when the Joint Finance Committee is scheduled to discuss and vote on the governor's budget request for WEDC. A report issued by the legislative audit bureau last week shows the WEDC failed to follow a number of state statutes in their financial and job creation reporting. And also failed to keep track of internal spending.
"I think our board would like to have a chance to review that piece by piece but weigh in terms of any additional recommendations before the budget provision is taken up....so....how far it would be pushed back is something that's dependent on how much comes out of that meeting," says Gov. Walker.
The meeting has yet to be scheduled, but will most likely happen Wednesday (05/08).
Governor walker also says money he originally planned to give the university of Wisconsin may now go to public education. The governor says he'd like to redistribute some funding designated for the UW-system because of the UW'S deep reserves. As long as a couple of priorities aren't hurt by the change.
The UW-System reserve is estimated to reach up to $1.2 billion by the end of June.
"We want to make sure that we are not only able to freeze tuition for students in the University of Wisconsin System, but also make sure they have access to a world class education," says Gov. Walker.
Governor Walker says some of the money that would be taken out of the UW-System would also be used for tax relief.
State Superintendent Tony Evers wants an increase in state aid for public schools, but he's also a UW Regent, and says it shouldn't be an either/or situation.
"We anticipate having a relatively robust surplus at the end of two years... I think there's enough resources for everybody here," says Evers.
Evers originally wanted to see a $225 per student increase for public education in the next budget. But he now says he could deal with a $150 per student increase.
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