Walk-O-Meter

Sell unneeded state assets for state debt reduction

Work to identify unneeded state assets and sell them to reduce costs. Use the proceeds to pay down state debt.


Sources:

Wisconsin’s Comeback Plan, Walker campaign, July 2014

 

Updates

Essentially no progress on selling state assets to pay down debt

Gov. Scott Walker's pledge to pay down state debt by the sale of unneeded state assets hasn't really gotten off the ground.

A state law adopted in 2013 was aimed at using state property sales to reduce state debt, but according to a June 2016 Milwaukee Journal Sentinel news article, it had largely gone unused:

  • The measure, part of the 2013-'15 state budget, gave Walker broad authority through the state Building Commission to sell property -- including prisons, highways, heating plants and university dormitories -- to pay off state loans. The debt amounted to $8 billion at the time.

  • The law had only been used in one deal, and that had been in the works before Walker took office. Two properties were sold for a total of $13 million in that deal. But most of the money was pegged for paying off debts on those properties, not for retiring previous state debts.

Walker spokesman Tom Evenson told us there have not been any more sales.

We rate this promise Stalled.

 

Sources:

Email, Scott Walker spokesman Tom Evenson, Sept. 21, 2017

Milwaukee Journal Sentinel, "State falls short in selling properties to reduce debt," June 18, 2016

Milwaukee Journal Sentinel, "Proposal gives Scott Walker administration more power to sell state property," May 19, 2013

Wisconsin Legislative Fiscal Bureau, 2013-'15 state budget memo (page 139), August 2013

Wisconsin Legislative Fiscal Bureau, "Warren Knowles-Gaylord Nelson Stewardship Program (page 13)," January 2017