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Debate on Surplus Begins in Madison

Debate on Surplus Begins in Madison

By Associated Press. CREATED Jan 6, 2014

MADISON, Wis. (AP) -- Wisconsin lawmakers are debating how to best use a $35 million-plus surplus in economic development-related funds.

The Wisconsin State Journal reports the surplus comes from $18.4 million in excess revenues from the Wisconsin Economic Development Corporation and $17 million from an economic development tax on businesses.

The surplus could be used to help cut taxes, pay for new jobs programs or reduce state debt. Lawmakers also could opt to simply keep the money in the state's general fund.

Republicans who control the Legislature say they're discussing what to do with the money. Minority Democrats say the GOP should spend the surplus on worker training programs.