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"I'm pleased to sign this important bill that protects Wisconsin families and puts us on the path toward economic recovery," Governor Doyle said. "This is a great example of government working quickly. This bill lays critical groundwork for getting our state's economy back on track and creates a platform for putting federal stimulus dollars to work quickly and efficiently. "
Specifically, the economic recovery plan:
Legislative Fiscal Bureau forecasts have projected declining revenue in this year and the next. The November 20, 2008, budget deficit forecast of $5.4 billion by June 30, 2011, has now increased to more than $5.7 billion. This figure represents over 18 percent of general fund appropriations.
Governor Doyle thanked Speaker Sheridan, Senator Decker, Senator Miller, and Representative Pocan for their work on the bill.