Milwaukee, Wisconsin 2021-02-23 12:08:05 –
Governor Tony Evers announces $ 2.38 billion in recommended capital budget investment for him 2021-23 Capital budget, This is one of the strongest investments ever in Wisconsin’s facility infrastructure. The budget leverages historic low debt rates to support major projects in 31 counties, including support for the Milwaukee State Capitol and the Milwaukee Museum of Natural Culture.
“Capital budgets are an investment in maintaining infrastructure for longevity and public safety, a future we want to build for the state,” says Governor Evers. “Our priorities are important, from investing in sustainable energy options and protecting public lands to supporting the growth of UW campuses and students, reforming the juvenile justice system and investing in community development. This capital budget Is much bigger and will affect our community and our state for future generations. “
According to a recent survey conducted by the General Contractors Association, Wisconsin has $ 1.81 in economic activity per $ 1 construction cost, and 12 jobs are supported for every $ 1 million in construction costs. This means that the Governor’s proposed capital budget supports an estimated $ 4.3 billion in economic activity and about 29,000 jobs across the state.
The State Construction Commission will meet on 17 March to vote on the Governor’s draft capital budget and submit it to the Joint Treasury Commission by the first Tuesday of April.