Walker looks to Legislature to finally use Fund to fix budget gap

posted by Rick Rydell -

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The POMV provision is written as a compromise to the Earnings Reserve draw formulas in versions of Senate Bill 26 from the House and Senate, which are awaiting a conference committee resolution after being approved by the bodies last spring, according to Walker.

The governor said he is comfortable using the one-time draw language in the operating budget bill as a fallback funding mechanism in the event the Legislature does not approve a long-term formula draw.

“What we did is about the best we could get out of (SB) 26,” Walker said, noting the POMV structure avoids the undisciplined “ad hoc” draw from the Fund that he has persistently warned against.

Walker looks to Legislature to finally use Fund to fix budget gap

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Rick Rydell

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