CHICAGO - The Wisconsin Senate is expected to vote today on a bipartisan plan to eliminate a $527 million deficit in the current two-year budget using a mix of spending cuts, closing corporate tax loopholes, and a series of one-time measures that rely on reserves, the delay of payments, and $209 million from the state's tobacco bond restructuring.
The Assembly is expected to follow the Senate with a vote on the plan Wednesday. Gov. Jim Doyle responded to the announcement, saying it had "significant problems" that he would correct with his veto pen. Doyle is a Democrat and his party has a majority in the Senate while the House is controlled by Republicans. Doyle was especially critical of the proposal's plan to use $209 million from the tobacco restructuring and to delaying a payment to schools.