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MADISON - Repaying the state's debt will
take a greater share of Wisconsin's revenue in the coming years.
By 2012, the annual payments on state
debt will likely consume at least 4.5 percent of the state's total
income from taxes and fees. That's according to projections by the
Legislature's and Democratic Gov. Jim Doyle's budget offices.
State officials have long considered a
4 percent threshold to be a reasonable limit.
Payments on debt would rise from $487
million in 2011 to $650 million in 2012 — an increase of 33 percent.
Todd Berry, president of the Wisconsin
Taxpayers Alliance, says the state has been pushing the borrowing and
debt envelope because it hasn't come to grips with its budget
problems.
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