CHICAGO - Wisconsin Gov. Jim Doyle yesterday signed a two-year, $61.8 billion state budget that authorizes $3.58 billion of bonding and wipes out a $6.6 billion deficit through a mix of federal stimulus funds, spending cuts, tax and fee increases, and debt restructuring.

The debt authorization permits $2.9 billion of general obligation borrowing and another $680 million of revenue-supported bonds. The figure includes $285 million of borrowing to restructure existing debt, pushing off some near-term debt payments.

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