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UPDATE: Joint Finance Committee approves extra DOT funding

MADISON, WI (WTAQ) - Highway departments will not have to worry about cutting back on road maintenance this summer.  

The state Legislature's Joint Finance Committee agreed Tuesday to give the DOT almost $27.5 million. It's supposed to cover the state and the counties' extra costs of plowing snow and buying road salt during the brutal winter.  

Some counties said they had already spent their entire 2014 snow and ice control budgets -- and more. Without the extra state funding, they feared cutbacks in summer highway maintenance.  

The state was forced to buy an extra 150,000 tons of salt at premium prices.  

Also Tuesday, the finance panel agreed to have the firm of Sun Mountain Kegonsa manage the state's new $25 million venture capital fund to help new Wisconsin businesses get off the ground.

(Story courtesy of Wheeler News Service)