Madison – Today Governor Scott Walker announced the state reached an agreement to pay back the illegal raid of the Injured Patients and Families Compensation Fund. The settlement includes a $200 million transfer as well as a loss of earning and interest of an additional $35 million for a total settlement of $235 million.
Along with the announcement of the agreement Governor Walker released the following statement:
Today’s settlement is a huge a step toward restoring confidence in our state’s ability to manage its finances. The era of illegal fund raids, job killing tax increases, one time money being sued for ongoing operations, and massive budget deficits will officially end when this is repaid next week.
Paying off outstanding bills, operating under a balanced budget, and working on bipartisan, pro-growth initiatives sends a clear message to job creators that Wisconsin is open for business.