K-12 Tax & $pending Climate: “we are on pace for 30% of all govt revenue going to interest payments”
Final numbers for fiscal year 2024
Total US govt revenue = $4.918 trillion
Interest on natl debt = $1.133 trillion
23% of all govt revenue went to interest on the debt.2025 fiscal year started Oct 1st, we are on pace for 30% of all govt revenue going to interest payments.
Half a TRILLION dollars has been added to the National Debt in the in the past 3 weeks.
Madison’s well funded k-12 system and city government are seeking substantial 607M+ tax and spending increases via referendum this fall.
Madison taxpayers of long supported far above average K – 12 spending.
Each American will pay $3,593 in interest payments this year… on our national debt!
