A special session of the Legislature called by Gov. Jim Doyle will begin tomorrow to address a remaining $414 million hole in the state’s current two-year budget. The start of the special session coincides with the conclusion of the regular session.

Doyle on Monday unveiled his package to eliminate the deficit. He wants to enact a hospital tax on a facility’s revenue to leverage at least $450 million in additional federal Medicaid matching dollars, freeing up about $125 million in the budget that would have gone to cover health care spending. Lawmakers rejected the same measure last year. The governor also proposed transferring $243 million from the transportation fund, borrowing to cover some of the lost funds. Another $87 million in spending would be cut or pushed off a year.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.