State budget director Dave Schmiedicke estimated that Wisconsin could be in line to receive $2.5 billion in federal stimulus money for education and medical assistance programs.
Schmiedicke also said that estimates show the state could receive $575 million for transportation and infrastructure projects.
Schmiedicke made the remarks at a Wisconsin Credit Union League meeting at the Monona Terrace this morning. He was joined at the forum by Rep. Mark Pocan, the co-chair of the Joint Finance Committee, and Todd Berry, president of the Wisconsin Taxpayers Alliance.
The estimates given by Schmiedicke were based on the $87 billion allocated for the Medicaid program and $79 billion for education in the proposal from the House of Representatives last week. Schmiedicke’s estimate is based on population and income figures, and he said the state will likely receive about 1.7 percent of the funding for those programs.
Much more on the stimulus/splurge here.