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Gov. Scott Walker’s administration has put off a debt payment for the second year in a row — this one totaling $101 million — which will cost taxpayers about $2.3 million in additional interest.

The state was supposed to retire about $132 million in debt on May 1, according to the nonpartisan Legislative Fiscal Bureau. Instead it reduced that amount by $101 million, which will help the state end the current biennium on June 30, 2017, in the black.

However, it will also increase interest on the debt payments by $2.27 million over the next eight years, in addition to pushing principal payments into future budget cycles. The fiscal bureau put out a memo Tuesday based on an earlier estimate that the deferral would total $50 million, but the Walker administration confirmed later in the day that the total was actually $101 million.

Walker administration spokeswoman Laurel Patrick said the restructuring reflects “prudent fiscal management” that was done to take advantage of historically low interest rates in a process used under previous administrations.

She didn’t respond to a request for an explanation about why the state would rather pay more money in interest in the future rather than pay a lower amount now.