Wisconsin Borrowing Costs Plunge From January Sale: Muni Credit

Governor Scott Walker’s moves to limit the power of public worker unions in Wisconsin may have been rewarded by investors as the state’s borrowing costs fell by more than half since the Republican took office in January.

Walker signed a bill March 11 that eliminates the ability of public employees except police and firemen to collectively bargain for benefits. The unions have said that the governor was using the deficit as a pretext to break their power.